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Clifford Chance Comment: COP 17 – The 'Durban Platform'
9 January 2012
Publication
The 17th meeting of the Conference of Parties ("COP 17") and the 7th Meeting of the Parties to the Kyoto Protocol ("CMP 7") took place in the bright sunshine of Durban, South Africa between 28 November and 9th December. As has now become common...
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International Regulatory Update 22-26 August 2011
30 August 2011
Publication
Clifford Chance's International Regulatory Update is a weekly digest of significant regulatory developments affecting banking and investment banking business, drawing on our daily content from our Alerter: Finance Industry service.
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Summer Round-up – International Regulatory Update
15 September 2011
Publication
This end of summer special edition of Clifford Chance's International Regulatory Update reviews the most significant regulatory developments that occurred during July and August 2011.
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Broadening the Equator Principles beyond Project Finance - New Proposals
10 June 2011
Publication
A review of the Equator Principles (EPs) has made recommendations to change a number of aspects of the EPs framework and these could have a significant impact on finance transactions. In particular, use of the EPs could extend beyond pure project finance to corporate...
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Cross-Border Litigation Series: CFTC Requests Comment on its Proposed Interpretations of Statutory Disruptive Practices
29 March 2011
Publication
As part of last year’s financial reform legislation, the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), Congress amended the Commodity Exchange Act (“CEA”) to prohibit three trading practices it deemed...
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SEC Proposes Rules to Require Disclosure Related to Conflict Minerals
5 January 2011
Publication
On December 15, 2010, the Securities and Exchange Commission released proposed rules to implement Section 1502 of the Dodd-Frank Act, which requires SEC-regulated issuers to report on their use of so-called "Conflict Minerals", the pejorative statutory...
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SEC Initiates Sweep of Firms Doing Business with Sovereign Wealth Funds
22 January 2011
Publication
The U.S. Securities and Exchange Commission ("SEC") has issued information requests to at least ten banks and private equity firms to examine whether their dealings with sovereign wealth funds ("SWFs") implicate the U.S. Foreign Corrupt Practices...
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CROSS-BORDER LITIGATION SERIES: Lower Courts Extend Morrison But SEC Asserts Dodd-Frank Act Overrules Morrison for Enforcement Actions
3 February 2011
Publication
Approximately six months ago, the United States Supreme Court in Morrison v. National Australia Bank Ltd. changed the paradigm for extraterritorial application of Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act"). The Supreme Court...
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The Financial Transaction Tax – 14 questions and answers
29 September 2011
Publication
Narrative: The European Commission today released a Directive implementing a Financial Transaction Tax (FTT). If enacted,most transactions in financial instruments involving a financial institution are likely to become subject to the FTT from 2014 if at least one...
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Bank resolution regimes - Comparative analysis
25 May 2011
Publication
Regulators continue to work on developing more effective tools for resolving failed banks and other systemically important financial institutions. The aim is to put an end to the idea that any institution is "too big to fail" and so can depend on taxpayer...