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  • Financing for the largest ever Chinese investment into the UK, nuclear power station Hinkley Point C, has successfully closed. The power station is also Europe's biggest infrastructure project.
  • The strategy of creating two classes of stock with different voting rights attached has been deemed by some as poor corporate governance. The reality is more nuanced
  • Kazuhide Ohya Nguyen Dang Minh The new law on residential housing came into force on July 1 2015. The legislation, in addition to its guiding documents including Circular 19/2016/TT-BXD (effective from August 15 2016), has paved the way for foreign ownership of property in Vietnam.
  • India has moved to attract more debt capital but lingering issues mean that investments need careful structuring
  • John Breslin Ireland's corporate rescue legislation (now contained in the Companies Act 2014) is analogous to the US chapter 11 process. It provides up to 100 days of breathing space for an insolvent company which has a viable enterprise to see whether it can put in place a restructuring plan. An independent officer (the examiner) is appointed to examine the company's affairs and, if possible, put in place a restructuring plan. During this period the company cannot be wound up, security granted by it cannot be enforced and it is immune from legal process. Except in exceptional circumstances, the examiner does not take over the management of the company. Therefore, (as in chapter 11) it is a debtor in possession process. If the examiner can put a restructuring plan in place, this is subject to a pro-restructuring voting regime, with the ability to cram down unsecured creditor claims.
  • Sponsored by Al Tamimi & Company
    Seem Maleh It is common for courts to order one of the parties in a facility agreement to specifically perform their obligations under the facility. However, it is rare for courts to impose daily fines until the breaching party performs those obligations.
  • Monica Arora Carl Frischling Following an August lull, September saw the return of lateral movement between leading US firms.
  • Many economic groups have been filing for judicial reorganisation in Brazil, a process similar to chapter 11 of the US Bankruptcy Code. In certain cases, local courts have claimed jurisdiction over foreign entities filing for judicial reorganisation in Brazil, even though Brazilian law does not have any cross-border insolvency rules. Well-known judicial restructuring cases such as OGX, OAS and Schahin have helped develop case law on Brazil accepting the judicial reorganisation of foreign entities. Yet, in a recent case, the court denied such a request and re-opened discussions.
  • Daniel Futej Rudolf Sivák As part of the so-called e-government process, Slovak authorities have implemented a system of electronic communication which, until recently, was voluntary. However, based on the new rules, the electronic delivery of documents from public authorities will become mandatory.
  • Oene Marseille Emir Nurmansyah The Finance Ministry of Indonesia has issued a regulation outlining the procedures for granting government loan guarantees for the development of electricity infrastructure in Indonesia. The regulation also outlines the steps for enforcing the guarantees.