Results 1-10 of 60
1 August 2019
"一带一路" 倡议项目涉及投资人、融资方、咨询顾问、承包商、政府或国有企业等等众多参与方之间的复杂合同安排。很多项目存在政治和技术两个层面的挑战性。 投资人更有可能面临政治环境不稳定、项目延迟、费用超支等风险，以及在极端情况下还面临项目被放弃的风险。跨境基础设施项目涉及法律及监管体系纷繁复杂，发生争议的风险切实存在。
31 July 2019
Global standard setters BCBS and IOSCO have announced that the fifth implementation phase for initial margin (IM) rules for uncleared OTC derivatives will now be split into two phases, with smaller buy-side firms granted an extra year to implement these requirements. Under...
20 June 2019
本简报将向中国公司简要介绍全球存托凭证 (Global Depositary Receipts, 简称?全球存托凭证?或 "GDR"), 解释中国公司在考虑申请将A股全球存托凭证纳入英国上市管理局管理的上市名单 (UK Official List) 并在伦敦证券交易所主板沪伦通板块上市的好处和相关问题
19 June 2019
Shanghai-London Stock Connect – a stock exchange trading link – will allow investors to more easily trade depositary receipts representing shares cross-border and is a signal that the Chinese government is keen to increase foreign access to its financial...
19 June 2019
Belt and Road Initiative (BRI) projects involve complex contractual arrangements with numerous parties including investors, financiers, consultants and advisers, construction contractors and government or state-owned enterprises. Many projects are both politically...
IBOR fallbacks for derivatives – ISDA's supplemental consultation on term and spread adjustments for floating rates and its consultation on pre-cessation issues
13 June 2019
ISDA has released two further consultations on benchmark fallbacks. One consultation covers spread and term adjustments for US dollar LIBOR, Canada's CDOR and Hong Kong's HIBOR. The second consultation seeks input on how derivatives contracts should address...
14 May 2019
The English Court of Appeal has ruled on whether the standard form ISDA 1995 Credit Support Annex contains an obligation to pay negative interest. The Court's judgment re-affirms that, where parties have not otherwise agreed how to address negative interest...
3 August 2018
The English High Court has ruled on whether the standard form ISDA 1995 Credit Support Annex contains an obligation to pay negative interest. The Court's judgment confirms that, where parties have not otherwise agreed how to address negative interest rates,...
IBOR fallbacks for derivatives – ISDA consultation on term and spread adjustments for floating rates
17 July 2018
ISDA released its "Consultation on Certain Aspects of Fallbacks for Derivatives Referencing GBP LIBOR CHF LIBOR, JPY LIBOR, TIBOR, Euroyen TIBOR and BBSW" on 12 July 2018. The Consultation seeks feedback on proposed amendments to the 2006 ISDA Definitions...
GMRAs and determining 'Fair Market Value': Broad discretion of the non-defaulting party re-affirmed by Court of Appeal
14 May 2018
The English Court of Appeal has ruled on the construction of the close-out default valuation provisions under a repo agreement. The Court's judgment reaffirms that, in reaching a determination of "fair market value", the non-Defaulting party has considerable...