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This week at the UK regulators - 28 May 2013
28 May 2013
Publication
This week at the UK regulators is a weekly alerter providing views on the publications issued by the Financial Conduct Authority and the Prudential Regulation Authority during the last week. It provides a quick way to keep up to speed with what is going on in...
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Marketing AIF in Germany
28 May 2013
Publication
The new German Capital Investment Act (Kapitalanlagegesetzbuch, KAGB) that will come into force on 22 July 2013 provides for the implementation of the Alternative Investment Fund Managers Directive (AIFM-Directive) and a number of modifications to the regime...
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Is there a Path through the Woods?
24 May 2013
Publication
There had been much disquiet over the impact on managed CLOs of the "skin
in the game" requirements. However, as arbitrage economics and investor
sentiment become more favourable for European CLO issuance, structures
were coming to market which sought...
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English Insolvency Courts open for international business
22 May 2013
Publication
The Court of Appeal has unanimously decided that it may appoint English administrators to a Jersey company, upon the request of the Jersey Court. This overturns a controversial decision from just last month, where a formal request from the Jersey Court...
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Sanctions and the Hotel Industry
21 May 2013
Publication
Recent years have seen a significant increase in the use of economic and financial sanctions as a tool of foreign policy, with tightening restrictions, companies under heightened scrutiny and enforcements becoming increasingly frequent and expensive. Against...
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The week at the UK regulators - 20 May 2013
21 May 2013
Publication
This week at the UK regulators is a weekly alerter providing views on the publications issued by the Financial Conduct Authority and the Prudential Regulation Authority during the last week. It provides a quick way to keep up to speed with what is going on in...
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SFC proposes to amend Professional Investor Regime and Client Agreement Requirements
21 May 2013
Publication
On 15 May 2013, the Securities and Futures Commission (SFC) published a Consultation Paper on the Proposed Amendments to the Professional Investor Regime and the Client Agreements Requirements (Consultation Paper).
Amongst other things, the SFC revisits the...
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Asian bank resolution regimes
21 May 2013
Publication
Clifford Chance, in conjunction with the Asia Securities Industry & Financial Markets Association (ASIFMA), has conducted a survey of eight key Asian jurisdictions to obtain an overview of the insolvency regimes and resolution powers available in relation...
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Updated Equator Principles released
16 May 2013
Publication
Following a review of the Equator Principles (EPs), the Equator Principles Association has published the revised EPs, known as EPIII, which will take effect from 4 June 2013. The revised EPs will apply to a broader range of financial products (beyond project...
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Russia Update: Legal and market developments in Russia - Winter/Spring 2013
16 May 2013
Publication
We launched Russia Update last year to provide clients with a single guide to major legal and market developments in Russia. In this periodical publication, we will alert you to key legal changes as well as news highlights from the business sectors which...