Results 1-10 of 44
29 July 2011
EEA member states have until 1 July 2012 to implement Directive 2010/73/EU (the Directive amending the Prospectus and Transparency Directives), but some member states are choosing to implement certain provisions in advance of the deadline. Some of the changes take...
20 December 2011
The Eurozone crisis continues to dominate the global economic landscape. What was unthinkable last month – a discussion about the possibility of a Eurozone member departing from the currency union – has now been touched on publicly by leaders of European...
6 October 2011
FATCA potentially imposes US withholding tax on, among other things, interest and principal paid by all US issuers and by non-US issuers that are "financial institutions". While the withholding is currently scheduled to be phased in over 2014 and 2015,...
10 October 2011
ESMA's technical advice to the European Commission dated 4 October 2011 on, among other things, final terms and summaries could lead to significant changes to capital markets documentation. If adopted by the Commission, proposals would include longer summaries...
26 September 2011
Currently, in order to be eligible as collateral for Eurosystem monetary policy operations, securities issued by credit institutions have to be admitted to trading on a regulated market in the EEA. From 1 January 2012, this will be expanded to include securities...
13 December 2011
The Eurozone crisis continues to dominate the global economic landscape. What was unthinkable only two months ago – a discussion about the possibility of a Eurozone member departing from the currency union – has now been touched on publicly by leaders...
26 October 2011
As the high yield market stalls, a flexible and creative approach is increasingly important to access liquidity. Clifford Chance experts tell journalist Brian Thompson the challenges facing high yield and leveraged loan markets, and the key issues ahead.
13 December 2010
A Directive to amend the Prospectus Directive and the Transparency Directive was published in the Official Journal of the European Union on 11 December 2010. It will take effect as a Directive on 31 December 2010 (the Effective Date), twenty days after publication...
23 January 2012
For many years managing corporate refinancing risk was relatively straightforward. However, that's no longer the case as the refinancing wall looms into view in already challenging market conditions. Customary options may not be readily available. Sponsors and...
17 May 2012
While economic growth depends on the ability of companies to access finance, banks face new regulations that threaten to constrain lending. How to square this circle is a conundrum facing the UK Government. The challenge of raising capital for the real economy...