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On November 9, 2011, Senator Kay Hagan (D-NC) and Senator Bob Corker (R-TN) and co-sponsors Chuck Schumer (D-NY) and Mike Crapo (R-ID) introduced the "The United States Covered Bond Act" to the United States Senate. The bi-partisan Senate bill is intended...

The structured finance market is characterised by its constantly changing nature and by the highly innovative financing techniques and products developed to adapt to such changes.

This recent case is one of the first to address the issue of expert evidence in an action involving the sale of accumulator products by a financial institution. Acting for a bank in a mis-selling claim by a client in respect of accumulator contracts, Clifford...

Anlässlich des neulich veröffentlichen Regierungsentwurfs eines Gesetzes zur Stärkung des Anlegerschutzes und Verbesserung der Funktionsfähigkeit des Kapitalmarkts haben wir einen neuen Newsletter "Neuerungen für Immobilienfonds"...

The Italian government has just introduced new legislation which is intended to regulate the tax regime of indirect bond issuances, including those made by a foreign affiliate of an Italian non-listed company and guaranteed by that Italian company. The new legislation...

The Netherlands, Ireland and Luxembourg are very popular onshore jurisdictions for the establishment of SPVs (special purpose vehicles) for structured finance transactions. As the markets have become more innovative and efficient in recent years, each jurisdiction...

Following our client briefing of earlier this week on the Eurosail appeal case we now attach a further article which explores in more detail the reasoning behind the Court of Appeal decision and its implications for the asset-backed market and a wider range of...

The Court of Appeal has reinterpreted the test for balance sheet insolvency under section 123(2) of the Insolvency Act 1986 and has made it a more complex and subjective process but this should help in preserving asset-backed structures.

The Commodity Futures Trading Commission (the "CFTC") has proposed rules that would remove the exemptions that many US fund managers and non US fund managers of US funds currently rely on to avoid the need to register as commodity pool operators ("CPOs")...

On 22 March 2011, Germany's highest court in civil matters, the Bundesgerichtshof (BGH) decided on certain information and disclosure requirements for banks in the context of CMS Spread Ladder Swaps. Our newsletter dated March 2011 has already summarised certain...