Search results for

As we approach the 10-year anniversary of it all starting to go south in the global financial markets, UK regulators have decided that now is the time to replace the London Interbank Offered Rate, more commonly (and sometimes even affectionately) known as Libor.

After a months-long clampdown on PRC corporates and their excessive outbound M&A transactions, Chinese authorities have shown they are determined to tackle the roots of such a shopping spree: the banks that have been extending loans to these M&A hungry companies.

The country has one of the highest levels of bad loans in the EU, but recent regulatory advances have proven key in making the market more efficient for investors

Investors’ search for the best possible risk/return profile has created a revolution in the derivatives market

The sun is setting on summer 2017 (and on Libor)

Terra Firma has replaced £4 billion ($5.2 billion) of securitisations issued by portfolio company Annington Homes with a combination of new equity, bonds and bank debt.

As mentioned in the first part of this article (published in the July/August 2017 issue), stakeholders in Colombian project financings are taking certain measures to mitigate risks derived from potential corruption cases. As part of those measures, lenders are giving special attention to improving contractual structures through more sophisticated anti-corruption clauses. This course of action is affecting not only financing documents in negotiation stages, but also some agreements already executed.

The Irish High Court recently ruled on the test for determining whether the transfer of a debt is a 'true sale' or is by way of a charge. It has adopted the market analysis based on English cases which emphasise that the legal form of the transaction adopted by the parties will determine its nature, provided the contract is not a 'sham'. The decision in the Eteams (International) Limited case concerned invoice discounting, but its ramifications are important in the context of 'true sale' opinions in structured and asset finance transactions.

A brief summary of changes in legislation relevant to companies wishing to do business in Thailand.

Chinese authorities say relax (but not too much)