KirklandPEN Kirkland & Ellis LLP

Private Equity Newsletter — August 22, 2008

This issue includes the articles “Insiders’ Loan to Cash-Strapped Company Cannot Be Equitably Subordinated Without Specific Evidence of Actual Harm to Creditors,” “Shanghai Moves to Ease Foreign Investment,” “China’s New Antitrust Law Puts New Burdens on Companies Doing Business in China” and “SEC Clarifies that Rule Regulating Cash Payments to Placement Agents Does Not Apply to Fundraising by Private Funds.