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Balancing participation and risk management is key to successfully navigate the complexities of tenders

Terms for high yield bonds and leveraged loans continue to converge, driven by growing similarity in investor bases, increased market size and liquidity, and more oversight

The Irish parliament is debating a bill which, if passed, would regulate the owners of Irish loan portfolios. The proposed legislation – the Consumer Protection (Regulation of Credit Servicing Firms) [Amendment] Bill 2018 (the Bill) is understood to have been triggered by reports of intended loan sales by particular retail banks in Ireland. Since 2015, non-regulated owners of loan portfolios comprising loans to consumers and small and medium-sized enterprises (SMEs) have been required to appoint a regulated credit servicer to manage the portfolio. This was to ensure that consumers and SMEs would continue to enjoy their statutory customer protection even though their creditor was unregulated. Broadly, this ensured consumers and SMEs were in the same position as if facing a regulated retail bank. However, in some political circles this regime has been perceived as providing insufficient protection to borrowers.

In July 2017, the Spanish government announced the Extraordinary Road Investment Plan (Plan Extraordinario de Inversión en Carreteras or PIC). This plan involves investing €5 billion ($6.2 billion) to construct 2,000 km of highways over a four-year period (2017 to 2021).

Maria Raptis and Thorsten Goetz from Skadden Arps Slate Meagher & Flom take a tour of the latest global developments in merger control

Nisha Kaur Uberoi, Trilegal

The Trump administration has been working through its plan to reduce regulatory burdens for financial institutions – with various consequences

Maria Raptis and Ken Schwartz, Skadden Arps Slate Meagher & Flom

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