Search results for

Deutsche Bank’s Colin Grassie at the ICMA meeting in Paris Deutsche Bank London head Colin Grassie has attacked the US's derivatives rules under Dodd-Frank, claiming they point to a fundamental misunderstanding of the market.

Senior lenders on one end, juniors on the other The Export-Import Bank of Korea (K-Exim), Korea Trade Insurance Corporation (K-sure) and a group of 11 international commercial bank lenders raised financing for a $2.5 billion greenfield petrochemical facility for Jurong Aromatics on Jurong Island, Singapore.

Ismael Noya de la Piedra On July 28 2011, Peru's newly-elected President Ollanta Humala will take office. This unexpected outcome in the election process resulted in what will be Peru's first leftist democratic government. Perceived as an anti-system candidate with a radical position close to that of Venezuelan President Chavez, it was hard to imagine that Humala could add enough votes to the 31.7% obtained in the first round to end up with over 50% and win the election – particularly when all the other candidates with whom he competed were supporters of the economic model upheld by a majority of the electorate and that had turned Peru into a success story.

Shuchita Bhushan On May 24 2011, the Ministry of Corporate Affairs (MCA) issued draft rules for preferential allotment by unlisted public companies (draft rules). Preferential allotment refers to offer of shares and so on other than a rateable offer to the current shareholders in proportion to their current shareholding. The draft rules will be applicable to preferential issue of equity shares and any other financial instrument which would be convertible into or exchanged with equity shares.

Henry Mander The principle established in 1974 in the case of Hastings-Bass [1975] Ch 25 (CA) has in the past allowed a court to set aside an action taken by trustees who have failed to take some important factor (such as tax considerations) into account when deciding to take the action. Effectively, it has allowed trustees to undo something they have done where the effect is different from that which they intended. In March, the English Court of Appeal handed down its much anticipated decision in Pitt v Holt; Futter v Futter [2011] EWCA Civ 197, both of which concerned the Hastings-Bass principle, and this has resulted in a re-examination of the principle and its application.

Recent US amendments, combined with longstanding UK protections, will lead to more whistleblower activity

Dodd-Frank’s requirement for trade repositories to receive indemnities before sharing information is confusing But an EC official has a solution – don’t enforce the rules

The treatment of final terms and summaries in Esma’s Prospectus Directive consultation paper have raised several concerns, and may lead to a rethink of MTN programmes

The sometime rarefied world of financial legal journalism shares one thing with national newspaper coverage: the summer silly season. Needless to say, summer is here in Europe, and the news is slow.

Citibank has set up a a custody platform in Panama to facilitate foreign investment in locally issued securities