Firm

In cross-border acquisition financing, it is common practice that so-called 'security principles' are negotiated and defined in an annex to the facilities agreement. On the one hand, it is specifically held in these security principles what security will be granted by the obligors and the target group to the finance parties; and on the other hand, it also generally describes circumstances under which an exception to the obligation to provide certain security can occur. The security principles provide guidance to the lawyers involved in different jurisdictions whose task it is to translate these principles into specific security documents.

Since the 1990s, all the financial institutions in China's loan market have determined their interest rate by floating up or down certain proportions of the benchmark interest rate announced by the People's Bank of China (PBOC Base Rate). Because the PBOC Base Rate is not closely aligned to the immediate supply-demand dynamics and also because it lacks a transparent pricing calculation formula, the PBOC Base Rate is generally considered as an administrative guidance price rather than a market-oriented price.

Panama and the UK have shared diplomatic ties since 1908. The US brought the highest amount of foreign direct investment (FDI) into Panama in 2018, with the UK coming in eighth position in the FDI stakes. The 2015 FDI figures saw the UK in fourth spot after the US, Colombia and Switzerland (with a total of 6% of FDI into Panama).