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What now for LIBOR in finance documents?

United Kingdom - December 13 2017 Andrew Bailey, chief executive of the FCA, announced on 27 July 2017 that the FCA would no longer use its influence or legal powers to persuade or…

Catherine Astruc, Catriona (Kitty) Lloyd

Green Bonds

European Union, United Kingdom - November 27 2017 The green bond market has been the subject of many capital markets headlines this year, from the first issue of green bonds by France, with a record…

David Cohen, Nikolas Colbridge, Cameron Half, Nick Hayday, Nicholas Yao

Dana Gas - choice of English governing law upheld over arguments of non-Shari'a compliance

United Arab Emirates - November 23 2017 Dana Gas PJSC (Dana Gas), the Abu Dhabi Stock Exchange listed, UAE-based energy producer, commenced restructuring negotiations with a number of its…

Qasim Aslam, Alex Roussos, Nicholas Yao

UBS AG, London Branch v. GLAS Trust Corporation Ltd. and another

United Kingdom - July 26 2017 The Commercial Court considered the extent to which it was lawful for a note trustee to adopt and pay expenses incurred by a group of noteholders in…

David Cohen, Alexandra Doucas, Thomas Leyland

ECA reports on ESMA supervision of CRAs

European Union - February 5 2016 The European Court of Auditors (ECA) has issued a report on ESMA's role as the single supervisor of credit rating agencies (CRAs) in the EU. It finds…

Edward Hickman