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Macfarlanes advised Hayfin in its management buyout, partnering with Arctos Partners to acquire a majority stake from British Columbia Management Corporation. The transaction involved corporate, tax, and regulatory aspects, continuing Macfarlanes' long-standing relationship with Hayfin, a €31bn AUM asset management firm.

The MSRB published an issue brief outlining the regulatory framework for swaps that may be commonly used by municipal securities issuers.