Results 1-10 of 307
20 September 2017
The latest development in the EU prospectus regime feels like the scoring in an Olympic fencing match. In a word, baffling.
New SEC Staff Guidance Extends FAST Act Financial Disclosure Relief and the JOBS Act Confidential Review Process to all Issuers, Including REITs
13 September 2017
The SEC Staff issued new guidance in the form of an amended Guidance Announcement and new Compliance and Disclosure Interpretations that (1) extend the financial disclosure relief granted by the FAST Act to Emerging Growth Companies filing on Form S-1 or Form F-1...
Key Issues in English Language Disclosure in Japan – Samurai Bond Issuance under the Foreign Company Securities Registration Statement [Japanese]
4 September 2017
In December 2016, a UK financial holding company, Lloyds Banking Group plc, issued Japanese yen denominated bonds (in the aggregate principal amount of JPY6.1 billion) for the first time in Japan. This inaugural issuance, based on the FCSRS filed in November...
23 August 2017
虽然伦敦银行间同业拆借利率（LIBOR）作为金融市场基准利率已逾三十载，但自从英国金融服务监管局（FSA）2012年对LIBOR操纵丑闻展开调查（即“Wheatley Review”）以来，LIBOR始终面临压力。英国金融行为监管局（FCA）首席执行官Andrew Bailey最近于7月27日发表了讲话 ，预示LIBOR可能终将谢幕。市场主体需要未雨绸缪，应对LIBOR可能在2021年底后终止公布。本文将讨论这一问题的成因，并评估其对市场主体实践操作及文本层面的影响
2 August 2017
We are pleased to provide you with the latest edition of our Luxembourg Legal Update. The newsletter provides a compact summary and guidance on the new legal issues which could affect your business, particularly in relation to banking, finance, capital markets,...
28 July 2017
Although a bedrock of the financial markets for over 30 years, LIBOR has been under pressure ever since the Wheatley Review, and a speech by Andrew Bailey, Chief Executive of the UK's Financial Conduct Authority on 27 July heralds its potential demise. Market...
18 July 2017
Leading international law firm Clifford Chance advised Unibail-Rodamco, Europe's leading listed commercial property company, on its first €650 million "green" loan.
Labour's proposed UK financial transaction tax: What it means for investors, institutions and businesses
18 July 2017
The Labour Party has announced a plan to expand the existing UK stamp duty into a broader financial transaction tax. Stamp duty currently applies in practice only to UK equities. Labour's proposed tax would cover all equities and debt securities, if there...
7 July 2017
It has been rumoured that the UK Government will shortly lay before Parliament a ‘Repeal Bill’ (the Bill formerly known as the “Great” Repeal Bill), which will provide that EU law that was applicable to the UK immediately before Brexit continues...
6 July 2017
When the Financial Institutions (Resolution) Ordinance (FIRO) and the Financial Institutions (Resolution) (Protected Arrangements) Regulation becomes effective on 7 July 2017, the landscape in Hong Kong for the recovery and resolution of financial institutions...