Legal

The US Senate passed on Tuesday the Cross-Border Trade Enhancement Act, which will allow local governments along the US border to procure and finance infrastructure projects.

Adrian Maguire will succeed David Higgins to run the unit, which covers buyout and infrastructure funds.

Offering an AIFMD passport to some jurisdictions may be of little benefit to EU investors, market participants say.

The Chancellor’s first Autumn Statement post-Brexit also strived to entice private capital into economic infrastructure through the extension of the Guarantees Scheme.

The French developer’s shares have recovered from a 19% fall yesterday caused by a fake press release claiming accounting irregularities at Vinci and the sacking of its CFO.

The international law firm has developed an artificial intelligence-powered tool to help clients identify and address Brexit risk in existing and future contracts.

King & Wood Mallesons’ former global infra co-head Neil Upton is moving to the law firm’s London office along with six legal and business development professionals.

The US law firm has hired three lawyers from Herbert Smith Freehills, following on the recruitment of 10 partners from the same company announced in September.

The Chief Secretary to the UK Treasury David Gauke praised the work of the private equity industry in an address to LPs and GPs in London on Thursday.

Clean energy specialists Mark Dennison and Conrad Purcell have joined the UK firm’s infrastructure practice.