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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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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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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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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...
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Actualités M&A - Droit Boursier Mars 2013
10 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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Subordinated noteholders strike sail: balance sheet insolvency in the Supreme Court
9 May 2013
Publication
The Supreme Court has unanimously affirmed the Court of Appeal's decision on the test for balance sheet insolvency under section 123(2) of the Insolvency Act 1986 finding that Eurosail was not balance sheet insolvent. Of practical importance to borrowers...
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Securitisation law reform: new perspectives for financing the Moroccan and wider African economy
25 April 2013
Publication
Following the example of the most reliable and secure foreign legislations on securitisation, Morocco has modified its securitisation act n°33-06.
The former securitisation act n°10-98 and act n°33-06 introduced a securitisation framework...
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La réforme de la loi sur la titrisation : de nouvelles perspectives pour le financement de l’économie au Maroc et en Afrique
25 April 2013
Publication
En s'inspirant des législations étrangères les plus performantes et sécurisantes en matière de titrisation, le Maroc a profondément modifié sa loi n°33-06 relative aux opérations de titrisation.
Par...