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Clifford Chance





Tagged: 'Debt capital markets'

Results 1-10 of 217

Luxembourg Legal Update - November 2014

4 November 2014

Publication

We are pleased to provide you with the latest edition of our Luxembourg Legal Update. This newsletter provides a compact summary of, and guidance on, the new legal issues which may impact your business, particularly in relation to banking, finance, capital markets,...

Dissecting the UK Government sukuk

20 October 2014

Publication

The ground-breaking sukuk issuance by the UK Government earlier this year, the first of its kind by a European sovereign state, seeks to position the UK as an international hub for Islamic finance and tap Shari'a compliant investors. In this article we go behind...

New ICMA sovereign collective action and pari passu clauses

6 October 2014

Publication

ICMA's new model aggregated collective action clauses and pari passu clause for sovereign issuers offer flexibility to sovereigns wishing to restructure their debts while at the same time providing robust protection to noteholders through the procedures and...

Competitiveness Decree converted into Law

12 August 2014

Publication

Breakthrough tax and legal measures to enhance credit opportunities for Italian businesses become final through conversion of the Decree Law. Law decree 91 of 24 June 2014, known as the "Decreto Competitività" (the "Decree")1, introduced...

Offshore bond issuance eased: SAFE ‎issued rules to facilitate cross-border ‎lending by PRC companies and further ‎consults on relaxing cross-border ‎security regulations 离岸债券发行更为便利:外汇局放宽境内企业跨境放款管理并就跨境担保新规征求意见

7 August 2014

Publication

中国政府一直致力于放宽资本项目的外汇管制以促进跨境资金流动。为进一步加快资本项目开放的步伐,国家外汇管理局(“外汇局”)近期发布了《关于进一步改进和调整资本项目外汇管理政策的通知》(该通知已于2014年2月10日生效)(“《外汇局通知》”)。此外,外汇局最近还发布了《跨境担保外汇管理规定(征求意见稿)》,旨在取消跨境担保的审批手续和额度要求。若该征求意见稿得以施行,将实质性地改变离岸债券的发行结构。

Prospectuses and publication: CJEU interprets PD regime in Timmel case

25 July 2014

Publication

Court judgments discussing the "Prospectus Directive regime" are rare. Last week, though, the highest EU court gave a ruling on prospectus content and publication. The ruling in Michael Timmel v Aviso Zeta AG (C-359/12) may lead to refinement of capital...

Sovereign pari passu clauses: NML Capital 2, Argentina 0

25 July 2014

Publication

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...