Italy implements the Bank Recovery and Resolution Directive
Language English On January 1, 2016, two Italian legislative decrees that implement the Bank Recovery and Resolution Directive No. 2014/59/EU ("BRRD") in Italy came into force in full.Executive...
View ArticleWhite & Case Advises Fortis in US$11.3 Billion Agreement to Acquire ITC Holdings
Language Undefined Global law firm White & Case LLP advised Fortis Inc. (TSX: FTS), a leader in the North American electric and gas utility business, in its US$11.3 billion agreement to acquire ITC...
View ArticleA brave new world for international leveraged debt
European high yield and leveraged loan markets have a distinctly different feel from 12 months ago. Volumes and values notably dropped over 2015, leaving issuers and lenders wondering what to expect in...
View ArticleLeveraged debt: The year in review
Language English There was still demand for funding using high yield-style covenants and the markets shifted, in part, towards US Term Loan B, which grew substantially over the last year—particularly...
View ArticleA reset for debt in 2015?
Language English In the European high yield market, the average deal size in 2015 rose to €524 million, far outstripping the €355 million average tickets a year earlier.At the beginning of 2015, it was...
View ArticleEyes on Europe: Cov-lite and Term Loan B rise
Language English While a move back to non-cov-lite may not be on the cards yet, investors are being very selective and more focused on the same issues they look at in a bond, such as wider industry...
View ArticleEvolution and alternatives in the market
Language English As the market considers the chance of another downturn, there is an expectation of a wave of high yield bond restructurings.Following the collapse of Lehman Brothers and the period...
View ArticleInnovation is the key to success in 2016
Language English Innovation is likely to continue into 2016, with issuers working with their advisers to structure new ways of raising capital that work for them, including continuing to import...
View ArticleOpportunities and challenges for international leveraged debt
Language English White & Case partners Lee Cullinane and Rob Mathews discuss how European high yield and leveraged loan markets have changed over the past 12 months and what lies ahead for 2016.The...
View ArticleWhite & Case Advises Onorato Armatori on Debt Refinancing
Language English Global law firm White & Case LLP has advised Onorato Armatori S.p.A. on the refinancing of its existing indebtedness through the issuance of a secured high yield bond and a senior...
View ArticleNew measures to incentivize NPL market in Italy
Language English On February 10, the Italian Government announced the approval of new measures to address the recent market volatility caused by the banking sector. The newly approved measures...
View ArticleKristo Molina and Fajar Ramadhan Join White & Case's Associated Law Firm in...
Language Undefined Global law firm White & Case LLP's associated law firm in Indonesia, Witara Cakra Advocates (WCA), has added leading Indonesian capital markets and banking lawyers with the...
View ArticleChristie Garcia
Language English Christie Garcia is an associate in the Firm's Capital Markets group in London.Christie's practice includes representing investment banks and issuers on a range of cross-border capital...
View ArticleNew Italian rules to permit direct lending by alternative investment funds to...
Language English On February 14, 2016, the Italian Government approved Law Decree No. 18/2016 (the "Decree") which sets out, inter alia, the direct lending regime by EU alternative investment funds...
View ArticleFinTech Forum: The Convergence of Finance, Technology and the Law
This is a free, day-long conference held at George Washington University Law School's Center for Law, Economics and Finance. Industry leaders, academic experts, government regulators and legal scholars...
View ArticleEnhanced voting rights and multiple vote shares in Italy
Language English Enhanced voting rights and multiple vote shares were introduced in 2014. The new rules superseded the one share-one vote principle and allow majority shareholders to place a larger...
View ArticleMixed signals from US PE in 2015
Language English Hero Image: Publication Type: InsightAuthors: Oliver BrahmstCarolyn J. VardiColin DiamondDate: 29 Jan 2016Related Services: Mergers & AcquisitionsPrivate EquityBankingCapital...
View ArticleWhite & Case Advises Saipem on Its €3.5 Billion Rights Issue
Language English Global law firm White & Case LLP advised Saipem S.p.A. on the US and English law aspects of its approximately €3.5 billion share capital increase through the issue of new shares...
View ArticlePrudential Regulators and CFTC: Final Margin Rules for Uncleared Swaps
Language English The Prudential Regulators and the CFTC release final initial and variation margin rules for uncleared swaps and security-based swaps.On October, 22 2015, the Federal Deposit Insurance...
View ArticleNo-Action Relief from CFTC Rule 3.10(c)(3) Clearing Requirement
Language English CFTC grants no-action relief regarding the application of the exemption in CFTC Rule 3.10(c)(3) to swaps that are not subject to a clearing requirement.On February 12, 2016 the...
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