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Bird & Bird Links to Indonesian Firms: Business of Law

Bird & Bird LLP expanded its pan-Asian reach by entering into a cooperation agreement with two Indonesian law firms: the intellectual-property firm K&K Advocates and the business-law firm Nurjadin Sumono Mulyadi & Partners

Bird & Bird, which has a presence in Shanghai, Beijing, Hong Kong and Singapore, has added cooperation agreements in Australia, China and Malaysia and Korea in the past 18 months.

“The introduction of the ASEAN Economic Community has accelerated client expectations and in turn created a strong demand for Bird & Bird’s services within the participating countries and in particular within Indonesia,” Justin Walkey, chairman of the firm’s Asia-Pacific practice, said in a statement.

Litigation

Brooks Lawyer Uses Lack of Smoking Gun to Answer Fantastic Tale

As Rebekah Brooks ran the gauntlet of photographers outside the Old Bailey and bounded up the street at the end of the third day of jury deliberations in the News Corp. phone-hacking trial, at her side was one of London’s top fraud and business-crime lawyers, Jonathan Laidlaw.

Laidlaw’s reputation as a zealous advocate who can adapt to any situation will only be enhanced by the verdict 11 days later that cleared Brooks of phone hacking, bribery and obstruction of justice charges.

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News

Record $8 Billion Tax Fraud Gets Ex-Lawyer 15-Year Sentence

A former lawyer who was convicted in what U.S. prosecutors called the biggest criminal tax fraud in history was given 15 years behind bars for helping wealthy clients dodge taxes for years.

Paul Daugerdas, who worked at the Dallas-based law firm Jenkens & Gilchrist, which closed over the scandal, was sentenced yesterday by U.S. District Judge William Pauley in Manhattan. A jury last year found Daugerdas, 63, guilty on seven counts and acquitted him on nine.

The tax shelters at the center of the case were sold from 1994 to 2004 to almost 1,000 people, creating $7 billion in fraudulent tax deductions and more than $1 billion in phony losses for customers, the U.S. said. Pauley described the clients as “real estate tycoons, tire magnates and software developers” who refused to contribute to the country that “made their achievements possible.” He didn’t identify them.

Pauley declined to give Daugerdas the full 20-year term sought by the government, saying the U.S. didn’t take into account the ex-lawyer’s age and the nine counts the jury had rejected.

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Credit Suisse Said to Face Two Years of Neil Barofsky as Monitor

Neil Barofsky, a frequent critic of Wall Street and government bailouts, has been tapped to monitor Credit Suisse Group AG (CSGN) after the bank admitted helping Americans evade taxes, a person familiar with the matter said.

Barofsky, the former inspector general of the Troubled Asset Relief Program who is now a partner at the law firm Jenner & Block LLP, was chosen for the job by the New York Department of Financial Services, said the person, who asked not to be named because the selection hadn’t been publicly announced.

Credit Suisse agreed to two years of oversight by New York’s financial regulator as part of its $2.6 billion resolution with the U.S.

Barofsky previously worked as a federal prosecutor in Manhattan with Benjamin Lawsky, head of the New York agency. Lawsky was recused from the selection process.

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Argentina Bond Judge Picks Special Master for Negotiations

The managing partner of McCarter & English LLP in New York, Daniel Pollack, was assigned to mediate the standoff between Argentina and its holdout bondholders after the U.S. Supreme Court last week let stand a decision requiring full payment on the debt.

U.S. District Judge Thomas Griesa directed that Pollack preside as a special master over settlement negotiations between Argentina and creditors the country refers to as “vultures.”

Argentina defaulted on a $95 billion debt in 2001, replacing the defaulted bonds with new ones at a sharp discount in two restructurings.

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Moves

Squire Patton, DLA Piper, K&L Gates: Lateral Partner Round-Up

Squire Patton Boggs LLP added Kenji Funahashi and Hiroki Suyama to the global corporate practice in Los Angeles. Funahashi joins from Jones Day, and Suyama joins from Pillsbury Winthrop Shaw Pittman LLP.

Employment attorney Douglas Mishkin joined Venable LLP in Washington from Patton Boggs, where he was co-chairman of the employment law practice group.

DLA Piper LLP said that Kevin Lytle and Craig Cartwright joined the firm’s real estate practice as partners in Phoenix from Snell & Wilmer LLP.

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo PC expanded its corporate and securities practice in New York with debt financing specialist Joseph W. Price, a former partner at Kirkland & Ellis LLP.

K&L Gates LLP added John King to its energy, infrastructure and resources practice area from Clayton Utz. He will be in the Perth office before relocating to Singapore.

Grant & Eisenhofer PA in New York added creditor-side bankruptcy litigator Gordon Novod to head the bankruptcy litigation practice. Novod was previously a partner in the bankruptcy and corporate restructuring practice of Brown Rudnick LLP in New York. His clients have included Wilmington Trust Co. as well as the unsecured creditors’’ committees in the General Motors Co., Herbst Gaming, Bethlehem Steel and Lyondell Chemical Chapter 11 cases.

Ogletree, Deakins, Nash, Smoak & Stewart PC added Donald Gamburg in Philadelphia from Blank Rome LLP.

To contact the reporter on this story: Elizabeth Amon in New York at eamon2@bloomberg.net

To contact the editors responsible for this story: Michael Hytha at mhytha@bloomberg.net David Glovin, Charles Carter

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