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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...

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...

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...

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...

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...

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...

 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...

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...

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...

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...