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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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Actualités M&A - Droit Boursier Avril 2013
23 May 2013
Publication
This newsletter deals with the main regulatory and case law issues that are of interest over the relevant period.
Les actualités M&A - Droit Boursier couvrent les développements en matière de droit des sociétés et droit...
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Struktury emisji euroobligacji stosowane przez polskie podmioty
23 May 2013
Publication
Emisja euroobligacji na rynkach międzynarodowych jest coraz częściej rozważana przez polskie podmioty jako alternatywne dla kredytów bankowych źródło finansowania. Dotyczy to w szczególności kapitału od inwestorów, którzy nie...
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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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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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SEC Proposes U.S. Regulatory Regime for Cross-Border Securities-Based Swap Activities
16 May 2013
Publication
The U.S. Securities and Exchange Commission ("SEC") has published for public comment proposed rules regarding the application of U.S. laws and regulations to cross-border securities-based swaps. The proposal includes a substituted compliance framework...
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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...
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Foreign investment regulation in Australia
16 May 2013
Publication
Australia continues to be the destination of a significant volume of foreign direct investment, and has been ranked within the top 10 most attractive locations for foreign investment globally.
Foreign investment in Australia is governed by a complex combination...
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The rise of portability in European high yield bonds: Have bond, will travel
15 May 2013
Publication
High yield bonds have become increasingly attractive to sponsors in financings and, most importantly, refinancings. Sustained liquidity and growing investor demand, coupled with the reduced availability of new M&A credits, has driven the inclusion of flexible...