Search results for

The EU sword cuts both ways for the UK financial services sector

The privatisation of ANA, a Portuguese airport concession company, has revealed the country's ability to attract foreign investment notwithstanding its precipitous debt crisis.

The comment letter process needs to be taken more seriously

Mian Muhammad Nazir Most of Islamic finance products and services, particularly financing transactions, necessitate procuring an insurance cover (Takaful). This is to mitigate certain inherent risks in underlying contracts or structures that cannot otherwise be excluded or mitigated in a Sharia compliant manner. The Takaful model for insurance is based on the principle of mutual cooperation and indemnification. Therefore, Takaful cover can easily be used to mitigate market and credit risks in many Sharia nominate financing contracts, without breaching the mandatory Sharia principles which prohibit exclusion or mitigation of certain risks in such contracts. In some commonly used structures for sukuk and investment products, the proceeds of Takaful cover are the only source of payment for the investors in the event of total loss of the underlying assets. Takaful has a critical role in the growth and success of the Islamic banking and finance industry. Therefore, it is very important that the Takaful industry is capable of satiating the increasing demand for Takaful products that are compatible with the profile of risks intended to be mitigated under various Sharia nominate contracts.

In-house have a critical role in implementing the Equator Principles. Here’s how due diligence processes must converge with independent reviews

Susan Alker, Winston & Strawn James Stevens, Toutman Sanders Peter Birkness, McCarthy Tetrault Last month saw a balance of hiring activity on both US coasts. For COOLEY it was the Los Angeles office that was looking to expand, with a double addition to its corporate ranks from Sheppard Mullin. Both C Thomas Hopkins and Ian Smith joined the team, with Hopkins a particularly notable hire given his previous position as global head of corporate. Elsewhere in the City of Angels, VENABLE increased its corporate capacity with the addition of private equity partner Ronn Davids and corporate counsel Jennifer Cappelletty from Klee Tuchin Bogdanoff & Stern. Both lawyers focus on mid-market and emerging companies. WINSTON & STRAWN meanwhile enhanced its corporate finance team with the addition of Susan Alker from Reed Smith.

The German bank’s hybrid debt instrument could revolutionise SME lending in Europe, and is a test case for securitising non-traditional assets

In the latest twist to the Cœur Défense case, a Versailles court has recognised creditors’ rights. The counsel who pleaded the case explains the rulings

Law number 228, of December 24 2012 (the 2013 Stability Law) has introduced provisions regarding a new financial transactions tax (FTT) as part of the austerity measures and tax hikes recently implemented.

Financing sweeteners are being used in Brazil to encourage local borrowing by inbound investors.