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There are different forms and treatments of subordination agreements in Swiss insolvency. This article is inspired by the authors’ experience representing the security agent of $1.75 billion bond issue of a Swiss based oil refinery group

Jackie Kahng In India Trilegal has closed its Hyderabad office and will service existing clients from Bangalore. The firm's one partner Pavan Kumar has left the firm.

Diversifying the sources of funding and reducing their dependency on bankers: SMEs can kill two birds with one stone

Since September 21 2017, the Colombian regulatory authorities have focused their efforts on enacting regulations that provide supervision to financial conglomerates and demand certain financial and corporate governance standards from the companies and the vehicles involved in the composition of such groups.

This traditional German debt instrument is attracting international interest

The Cyprus Securities and Exchange Commission (CySEC) has issued a circular notifying issuers of securities which are listed for trading on the Cyprus Stock Exchange or any other regulated market of its priority issues for financial statements and annual reports for 2017. CySEC's priority issues are identical to those set out in the latest Public Statement on European Common Enforcement Priorities published by the European Securities and Markets Authority (Esma). The Public Statement sets out the priorities jointly agreed by national supervisory authorities of the countries of the European Economic Area in relation to financial statements for the year 2017 regarding the implementation of international financial reporting standards (IFRS), with the objective of achieving consistency in the application of the IFRS in Europe.

Over two months in, and the new rules are not having the impact they were initially expected to

Balancing participation and risk management is key to successfully navigate the complexities of tenders

Bad loans continue to haunt China. Getting rid of them for good is no easy task

It is far from difficult to argue that the London interbank offered rate (Libor) is in serious need of replacement. Since its inception in 1969, as a mechanism by which a group of London-based banks could agree a floating rate of interest on an $80 million loan for the central bank of Iran, it has evolved remarkably little. The same cannot be said of the market it underlies, which is now estimated to have a notional value of around $350 trillion. Whether one looks at the 2012 manipulation scandal, or the fact that markets for many of the funding rates Libor purports to measure barely exist anymore, it is impossible to escape the evidence that arguably the most important benchmark in the financial markets is no longer fit for purpose. A change is long overdue.