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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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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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CFTC Eases Compliance Burdens for Certain Inter-Affiliate Swaps
29 April 2013
Publication
Counterparties to inter-affiliate swaps may now qualify for recently issued regulatory relief from mandatory clearing or reporting requirements. On April 1, 2013, the US Commodity Futures Trading Commission ("CFTC") approved Regulation 50.52, which...
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EMIR: illustrative implementation timeline – update
19 April 2013
Publication
On 15 March 2013 several key technical standards came into force, setting in motion the implementation timetable for the derivatives reforms under the EU regulation on OTC derivatives, central counterparties and trade repositories (EMIR).
As a result some of...
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Structured loans to public authorities and TEG – Back on for another ride
17 April 2013
Publication
The three decisions of the Tribunal de Grande Instance of Nanterre of 8 February 2013 is the latest episode in the French structured loans to public authorities saga.
The Tribunal de Grande Instance of Nanterre rejected the request of the department of Seine-Saint-Denis...
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Clifford Chance advises MGPA on purchase of two office buildings in Tokyo
15 April 2013
News
Tokyo: Leading international law firm Clifford Chance has advised MGPA on behalf of MGPA Asien Spezialfonds, which targets German-speaking institutional investors on two property investments in Japan. The investments comprise the acquisition of two Tokyo...
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Russian Derivatives Documentation Tested in Russian Courts
25 March 2013
Publication
This client briefing discusses the two Russian court cases involving UniCredit Bank Russia where Russian courts allowed a party to a swap to walk away from the transaction.
Please note that this memorandum is not intended to provide a comprehensive analysis...
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A brief overview of the Financial Services Act 2012 and the new UK financial regulation framework
25 March 2013
Publication
2013-03-25T16:13:26.000Z
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Security registration reform – making things easier
14 March 2013
Publication
As from 6th April 2013, registration of security in the UK is set to become much simpler. Why? Because: (i) we will no longer have to complete long registration forms and will benefit from the ability to file electronically; (ii) charging documents will be available...