Western Europe
HSF Kramer appoints M&A trio in New York, while Vinson & Elkins opens its Brussels office and Morgan Lewis elects new chair
Reed Smith has set up shop in Boston, while other firms have hired across capital structure solutions, project finance, corporate and banking practices in the US, Australia and Italy
Exclusive IFLR survey data shows that while DEI is valued by many in-house counsel in the Nordics, satisfaction with progress varies widely across the region
AI is reshaping financial services, but regulators still expect human oversight, accountability and robust governance
New hires were made across the antitrust, M&A, corporate and finance practices in Brussels, London, Charlotte, Washington DC, New York and San Diego
Heidi Blomqvist joins Ashurst’s London office as partner as it boosts its private capital ,and energy and infrastructure offering
New hires were made across the PE, M&A, real estate, antitrust, finance and capital markets practices in the UK and the US
Financial services partner William Garner discusses the work behind the innovative structure, regulatory collaboration and the firm’s first-mover advantage
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Sponsored by Elias Neocleous & CoLibor [London interbank offered rate] is the primary benchmark, along with Euribor, for short-term interest rates around the world. Libor rates are calculated for five currencies and seven borrowing periods, ranging from overnight to one year, and are published each business day. Libor is based on submissions provided by a selection of large international panel banks. These submissions are intended to reflect the interest rate at which banks could lend one another unsecured funds. Many financial institutions, mortgage lenders, and credit card agencies set their own rates based on this. However, in 2017, the UK's Financial Conduct Authority (FCA) announced that after 2021 it would no longer require the panel banks to submit the rates needed to calculate Libor. Libor will no longer be published after the end of 2021, and market participants are urged to transition to alternative reference rates (ARRs). -
Sponsored by Bär & KarrerSwitzerland is generally an attractive business location from a tax perspective, however not when it comes to interest withholding tax on notes and bonds. The Swiss 35% withholding tax on interest payment is imposed not only on notes and bonds issued by Swiss borrowers, but can also, in certain circumstances, apply to notes and bonds issued by foreign group companies guaranteed by Swiss group companies.
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Sponsored by LPA LawChinese investment into France held steady in 2019 while it dropped across the rest of Europe. Raphaël Chantelot, Fanny Nguyen, Hubert Bazin and Nicolas Vanderchmitt of LPA-CGR avocats review the jurisdiction’s investment advantages
