Clifford Chance RSS Feed

International Regulatory Update 4 – 8 August 2025

Tue, 12 Aug 2025 07:53:20 GMT

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.

Clifford Chance advised Postbank on Bulgaria's first covered bond issuance

Fri, 08 Aug 2025 12:38:00 GMT

The Bonds have been admitted to trading on the Euro MTF Market and are listed on the official list of the Luxembourg Stock Exchange.

The Clifford Chance team advising Postbank was led by Paul Deakins (Partner), Matt Fairclough (Partner) and Nigel Leong (Senior Associate).

Clifford Chance advises Metlen on its £6 billion London listing, largest London primary listing of the year and largest listing of a European business in London since 2017

Wed, 06 Aug 2025 09:13:35 GMT

Metlen expects to be admitted to the FTSE 100 as early as September 2025, with a market capitalisation currently at €6.71 billion (c.£6 billion). If successfully admitted to the FTSE 100, Metlen will be the first company in over a year to enter directly into the index through a primary listing.

Metlen Energy & Metals is an integrated energy and metals business operating across three segments (energy, metallurgy, as well as infrastructure and concessions). The group's synergistic business model has allowed Metlen to grow from its origins as a family business founded in Greece in 1908 to a global industrial giant whose market capitalisation has more than tripled in the period of 2021-2024. Metlen has subsequently become Greece's largest home-grown company and is targeting further growth through investment into the renewable energy market and supply of critical strategic minerals as well as through the European defence sector.

In a continued commitment to its history, Metlen is retaining a listing on the Athens Stock Exchange and its shares will continue to be denominated in Euros, making it one of the first companies to take advantage of new rules that allow shares not denominated in GBP to be included in the FTSE UK indices.

Clifford Chance acted as international legal counsel to Metlen, assisting in the establishment of the group's new parent company, Metlen Energy & Metals PLC, its acquisition of the existing Greek listed company, Metlen Energy & Metals S.A., by way of a takeover offer under the Greek takeover regime and the subsequent restructuring in preparation for the London listing, as well as the dual listing process. The team advised and supported Metlen through all stages of this corporate transformation, helping the group transition to a new structure more aligned to its international footprint which now enables Metlen to broaden its international shareholding on the most liquid exchange in Europe.

Simon Thomas commented:

Metlen's corporate redomicilation and London listing is a very significant milestone and a central part of its strategy to take advantage of opportunities for growth. It is also a hugely important transaction for the London market, being the largest listing of a European business in London since 2017. In addition, Metlen will become the first company to enter FTSE's UK indices with shares denominated in Euros, signalling the continued attractiveness of the UK for global companies to list.

The Clifford Chance team was led by partner Simon Thomas, London Head of Capital Markets, with support from senior associate James Koessler. The core team also included associates Radhika Sharma and Inês Teixeira and trainee solicitors Rumana Ali, Sam Winton and Keith Minami.

Wider transactional support was given by partners Andrew Patterson (Incentives), Amy Bird (Employment), Timothy Lees (Restructuring), Nicola Hemsley (Tax), James Bole (Takeovers), Michael Lyons (Litigation) and George Kleinfeld (Litigation), directors Juliette Graham (Incentives) and Rui Ho (Takeovers), senior associate Bethan Lovett (Litigation), and associates Ella Burnside (Employment), Leon Kidd (Incentives), Isabel Lewis (Restructuring) and Wanipa Ndhlovu (Tax).

International Regulatory Update 28 July – 1 August 2025

Tue, 05 Aug 2025 09:54:39 GMT

反垄断全球进展

Tue, 05 Aug 2025 04:30:34 GMT

季度更新
2025年4月1日—2025年6月30日

MAMAA反垄断热点追踪 — 本季度，Meta因其个人数据处理模式首次收到欧盟《数字市场法案》项下罚单；Apple因其应用商店的禁止转介模式首次收到欧盟《数字市场法案》项下罚单；在法国，Apple因其用户收集政策被处以反垄断罚款；德国竞争执法机构初步认定Amazon对电商平台内商家的最高售价限制违法；美国司法部针对Google与Character.AI的合作协议展开调查；巴西竞争执法机构重启对Google新闻搜索模式的反垄断调查；日本竞争执法机构针对Google的Android手机的应用预装政策发出禁止令；墨西哥终止了对Google数字广告业务模式的反垄断调查；在印度，印度上诉法庭维持了印度竞争执法机构针对Google Play Store计费系统的处罚决定，但削减了罚款金额，而Google与印度竞争执法机构就Android电视操作系统案也达成了和解。

本季度其他平台领域反垄断动态 — 本季度其他平台领域的重要反垄断动态包括欧委会对Delivery Hero和Glovo实施具有里程碑意义的劳动力市场卡特尔处罚，希腊竞争执法机构对一家在线旅游代理和酒店平台展开滥用市场支配地位的调查，日本竞争执法机构就《移动软件竞争法》征求公众意见并发布关于生成式人工智能的中期报告，韩国竞争执法机构就领先的在线服务提供商的数据处理启动市场调查，澳大利亚竞争执法机构发布数字平台服务最终报告。

其他领域的反垄断及外商投资进展 — 本季度值得中国及跨国企业关注的其他反垄断立法和外商投资政策进展涉及法欧盟、英国、智利、南非、沙特、菲律宾、澳大利亚、新西兰等司法辖区的并购审查和外商投资国家安全审查制度等多方面的重要动态。在反垄断和外商投资审查执法层面，英国、意大利、土耳其、美国、加拿大、日本、韩国、马来西亚、澳大利亚等司法辖区均在本季度有重要的进展。

Ukraine: The Latest Global Sanctions and Export Controls

Fri, 01 Aug 2025 09:41:00 GMT

The following briefing provides an overview of the sanctions and export controls imposed by the US, UK, EU, Poland, Japan, Singapore, Australia, and Ukraine; as well as measures adopted in response by Russia, as at 4pm GMT, 1 August , 2025.

These sanctions are complex, multilateral and continue to change incrementally in real time in response to the situation on the ground in Ukraine. Our team of sanctions experts is monitoring the situation closely and we will endeavour to keep our briefings up to date.

International Regulatory Update 21 – 25 July 2025

Tue, 29 Jul 2025 09:14:29 GMT

Clifford Chance reports record financial performance

Wed, 23 Jul 2025 14:15:00 GMT

23,July 2025 Clifford Chance has announced record financial performance, for the year ended 30 April 2025.

FY25 Financial highlights:

Revenue of £2.4 billion up 9%
Partnership profit of £944 million up 11%
Profit per equity partner (PEP) up at £2.11 million
Strong growth in all regions globally with US revenue increasing 18%
Since 2023, the firm has delivered accelerated revenue growth of £425m and £187m in profit.

Strong performance globally

The firm achieved a strong performance across all regions with Europe (including the UK) and Asia Pacific delivering solid revenue growth of 6% and 5% respectively, and with a notable 36% revenue increase in the Middle East. The US region achieved a second year of significant growth with an 18% jump in revenue.

Charles Adams commented; “All our regions recorded robust growth, most notably the Middle East. Despite more challenging market conditions in the US during the second half of the financial year, we maintained our strong growth trajectory taking our revenue increase in the region to more than 50 per cent in the past two years.”

Excelling for clients across a diversified global platform

The firm’s global practices all experienced strong levels of demand. Heightened client activity in the private markets, including the rapid expansion of private credit, fuelled growth for the firm’s private equity/M&A, financing, and funds & investment management teams, along with associated product lines.

The firm delivered client success across multiple sectors including technology and AI, healthcare and life sciences, energy, infrastructure including data centres, which were all key drivers of growth for the firm's multi-practice, multi-jurisdictional sector expertise.

For the second consecutive year, Clifford Chance achieved 124 Band 1 rankings, more than any other firm globally, in Chambers Global Guide 2025.

Investing in talent and operations

Investing in top talent remains central to the firm’s growth strategy, with 31 lawyers promoted to the global partnership effective 1 May 2025. In addition, a total of 34 new lateral partners* joined the firm globally.

The firm has continued significant levels of investment in enhancing its technology platform including AI and associated skills, and in its premises, including office moves in New York and Houston.

Notes to editors:

Revenue and profit growth is reported in constant currency.
Partnership profit is calculated after remuneration of non-equity partners and excludes the cost of profit-related annuities payable to partners.
In US Dollars, these figures are equivalent to revenues of US$3,089 million, profit US$1,208 million, PEP US$2.7 million.
In Euros, these figures are equivalent to revenues of EUR2,871 million, profit EUR1,123 million, PEP EUR2.51million.
The firm advised on M&A transactions totalling US$232 billion in 2024 and ranked 6^th globally in H1 2025. (Source: Mergermarket)
*Lateral partner growth (total 34 in FY25):
- The firm enhanced its full-service private capital capabilities across key sectors with 12 partner hires in New York, London, Paris, and Singapore.
- 13 new partners joined the firm in New York, Houston, and Washington DC, strengthening global capabilities across healthcare & life sciences, technology, energy, infrastructure; and in core practice areas of M&A, private capital, antitrust, leveraged finance as well as Tax/ERISA, and CFIUS/trade controls.
- Partners in US now total 122.
- Since launching in Houston in 2023 to expand its global Energy & Infrastructure practice, the office has grown to 15 partners and 41 fee earners, advising on energy, infrastructure, environmental transactions, regulatory, tax, private capital, and technology matters.

International Regulatory Update 14 – 18 July 2025

Tue, 22 Jul 2025 08:34:49 GMT

Energy Transition Perspectives - Equity Investments

Tue, 15 Jul 2025 09:38:00 GMT

Equity investment structures are evolving to adapt to market dynamics, political and regulatory uncertainty and investor preferences. Against a shifting global landscape, it is more important than ever for investors and developers to ensure that their investment strategies enable them to protect downside risk and maximise value.

In this extract from a recent global webinar held in April 2025, we look at how equity investment structures are evolving across different markets and jurisdictions.

International Regulatory Update 7 – 11 July 2025

Tue, 15 Jul 2025 08:30:23 GMT

Energy Transition Perspectives – SAF and Green Fuels

Fri, 11 Jul 2025 09:23:00 GMT

With many countries around the world introducing new requirements to encourage the use of e-fuels and biofuels, demand is growing.

In this extract from a recent webinar, we consider how the market is developing in different regions and discuss the issues that developers and investors need to consider when structuring alternative fuel projects.

Cutting Red Tape to Rebuild European Defence: Will the EU Defence Readiness Omnibus Deliver its Goals?

Wed, 09 Jul 2025 10:37:00 GMT

The EU's plan to "Re-Arm" and build a European defence, technological and industrial base (EDTIB) fit to counter modern threats is gaining momentum.

On 17 June 2025, the European Commission published the Defence Readiness Omnibus ("the Omnibus"). This package of legislative proposals and policy guidance is designed to cut regulatory red tape for the defence sector and facilitate the investment by EU Member States of up to €800 billion in defence. The need for regulatory simplification was first identified in the White Paper for European Defence-Readiness 2030 ("Readiness 2030 White Paper)", which set out a roadmap of necessary steps Member States should take to achieve "defence readiness" by 2030.

This briefing examines key elements of the Omnibus, considers how significant the proposed changes are to existing policies/legislation and how likely they are to achieve their goals. Significantly, the unveiling of the Omnibus comes at a time of heightened geopolitical turbulence and the new commitment by NATO States to increase their defence spending to 5% of GDP by 2030.

International Regulatory Update 30 June – 4 July 2025

Tue, 08 Jul 2025 09:23:45 GMT

Ukraine: The Latest Global Sanctions and Export Controls

Thu, 03 Jul 2025 09:41:00 GMT

The following briefing provides an overview of the sanctions and export controls imposed by the US, UK, EU, Poland, Japan, Singapore, Australia, and Ukraine; as well as measures adopted in response by Russia, as at 1:30pm GMT, July 3, 2025.

International Regulatory Update 23 – 27 June 2025

Tue, 01 Jul 2025 07:26:04 GMT

International Regulatory Update 16 – 20 June 2025

Tue, 24 Jun 2025 08:58:55 GMT

International Regulatory Update 9 – 13 June 2025

Tue, 17 Jun 2025 08:06:24 GMT

International Regulatory Update 2 – 6 June 2025

Tue, 10 Jun 2025 09:59:32 GMT

International Regulatory Update 26 – 30 May 2025

Tue, 03 Jun 2025 07:11:59 GMT

Clifford Chance RSS Feed

International Regulatory Update 4 – 8 August 2025

Clifford Chance advised Postbank on Bulgaria's first covered bond issuance

Clifford Chance advises Metlen on its £6 billion London listing, largest London primary listing of the year and largest listing of a European business in London since 2017

International Regulatory Update 28 July – 1 August 2025

反垄断全球进展

季度更新 2025年4月1日—2025年6月30日

Ukraine: The Latest Global Sanctions and Export Controls

The following briefing provides an overview of the sanctions and export controls imposed by the US, UK, EU, Poland, Japan, Singapore, Australia, and Ukraine; as well as measures adopted in response by Russia, as at 4pm GMT, 1 August , 2025.

International Regulatory Update 21 – 25 July 2025

Clifford Chance reports record financial performance

International Regulatory Update 14 – 18 July 2025

Energy Transition Perspectives - Equity Investments

International Regulatory Update 7 – 11 July 2025

Energy Transition Perspectives – SAF and Green Fuels

With many countries around the world introducing new requirements to encourage the use of e-fuels and biofuels, demand is growing.

Cutting Red Tape to Rebuild European Defence: Will the EU Defence Readiness Omnibus Deliver its Goals?

International Regulatory Update 30 June – 4 July 2025

Ukraine: The Latest Global Sanctions and Export Controls

The following briefing provides an overview of the sanctions and export controls imposed by the US, UK, EU, Poland, Japan, Singapore, Australia, and Ukraine; as well as measures adopted in response by Russia, as at 1:30pm GMT, July 3, 2025.

International Regulatory Update 23 – 27 June 2025

International Regulatory Update 16 – 20 June 2025

International Regulatory Update 9 – 13 June 2025

International Regulatory Update 2 – 6 June 2025

International Regulatory Update 26 – 30 May 2025

季度更新
2025年4月1日—2025年6月30日