Aluko & Oyebode | Nigeria | 17 May 2022
The Securities and Exchange Commission has introduced new rules relating to the issuance of social bonds in Nigeria. The new rules define what social bonds are, the types of projects eligible for social bonds, conditions for approval and how the proceeds of the bonds should be utilised. Social bonds have become an avenue through which countries and corporates can obtain funding to deal with......
MinterEllison | Australia | 10 Mar 2022
A claim for payment, which is framed in restitution and not made under a contractual right under a building contract, will not attract the penalty…
Leite Tosto e Barros Advogados | Brazil | 8 Mar 2022
Towards the end of 2021, the Brazilian Superior Court of Justice (STJ) issued a decision regarding Brazilian agribusiness bonds. This was not the only bond submitted to the ruling of the STJ: bank credit notes (CCBs) also came into question, in the context of a challenge to the statute of limitations for their collection. The STJ ruling in this case is and will remain relevant, considering......
Osborne Clarke | European Union, Spain | 28 Feb 2022
Royal Decree-Law 24/2021, of 2 November (the "RDL"), transposes Directive (EU) 2019/2162 of the European Parliament and of the Council of 27 November…
Baker McKenzie | Colombia | 25 Jan 2022
In the final quarter of 2021, the Colombian government placed its first green bond offering for 750 billion Colombian pesos (approximately $198 million) of sovereign indebtedness for funding green and sustainable projects. Through the offering, the Colombian government seeks to align its sustainable finance strategy with the wider climate change mitigation agenda worldwide.
Shearman & Sterling LLP | USA | 14 Dec 2021
The Securities Industry and Financial Markets Association investment-grade bond optional redemption model provision was recently published. This model provision provides issuers, investment banks, investors and other market participants with certainty and specificity in the calculation of the redemption price of bonds. The new language is expected to be introduced throughout the industry......
Jones Day | Australia | 9 Dec 2021
There has been a proliferation of climate change-related litigation against Australian government entities over recent years. The majority of these…
Gokce Attorney Partnership | Turkey | 24 Nov 2021
Günümüzün değişen ekonomik koşullarında, şirketler daha hızlı şekilde ihtiyaç duydukları sermayeye Ulaşmak isterken; yatırımcılar ISE daha zahmetsiz…
Wigge & Partners | 26 Oct 2021
"Green bonds" are any type of bond instrument where the proceeds or an equivalent amount will be exclusively applied to finance or re-finance, in part or in full, new and/or existing eligible green projects. Sweden is far ahead in the development of green bonds and, in 2019, green bonds constituted 20% of the country's total amount of bonds. Despite the recent development and increase of......
Akin Gump Strauss Hauer & Feld LLP | Global, United Kingdom | 14 Oct 2021
On-Demand Bonds or Guarantees are preferred relative to “see to it” Bonds or Guarantees. This is because under On-Demand Bonds the obligation to pay…