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Clifford Chance

Tagged: 'United States'

Results 1-10 of 314

US Banking Regulators Implement the Basel III Liquidity Coverage Ratio

11 September 2014


On September 3, 2014, the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation adopted a final rule implementing a quantitative minimum liquidity coverage ratio requirement for the largest, internationally...

Global Environment Newsletter - Summer 2014 Edition

10 September 2014


Welcome to the Summer edition of our Global Environment Newsletter. This issue covers the following topics: Europe: A new accelerated consenting process for energy network infrastructure. Australia: Repeal of the Carbon "Tax" – what's...

When is an infrastructure bank not a bank?

22 August 2014


With much fanfare, President Obama announced on July 17th the Build America Investment Initiative (the Initiative), which includes establishment of the Build America Transportation Investment Center (the Investment Center) within the US Department of Transportation...

Ban on food imports: Russia introduces counter-sanctions

18 August 2014


Russia has introduced a one-year ban on the import of certain food and food products originating from the US, EU, Canada, Australia and Norway. The list of banned goods is set out in the Presidential Decree dated 6 August 2014 "On special economic measures...

Loan trading across the globe

15 August 2014


The global financial markets have suffered much volatility since the onset of the financial crisis in 2008. This has impacted secondary loan trading volumes, however, 2013 saw the highest volume of loan trading activity (par and distressed) in both the US and...

Sovereign pari passu clauses: NML Capital 2, Argentina 0

25 July 2014


The US Supreme Court has declined to hear Argentina's appeal against a lower court's judgment on the effect of a pari passu clause in Argentina's bonds.  This leaves in place the decision that if Argentina pays current interest on its restructured...

ICMA consults further on sovereign bonds

25 July 2014


The International Capital Market Association has followed up its consultation paper of December 2013 about collective action and pari passu clauses in sovereign bonds with supplementary questions about how collective action clauses should be structured in order...

New Sanctions against Russia: significant but targeted

22 July 2014


On 16 July 2014 the US Treasury Department's Office of Foreign Assets Control ("OFAC") expanded the Ukraine-related sanctions against Russia and others alleged to be involved in the situation in Ukraine. In addition, on 18 July 2014 the EU published...