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White & Case Advises Banks on Almarai Sukuk's US$2 Billion Trust Certificate...
fGlobal law firm White & Case LLP has advised First Abu Dhabi Bank, HSBC, Gulf International Bank, J.P. Morgan and Standard Chartered Bank on the establishment by Almarai Sukuk Ltd. of a Reg S US$2...
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Doing well by doing good
fSubscribeSubscribe to receive Africa FocusMost leading, modern investors have clearly defined values, mission statements and governance policies. In recent years, they have placed more emphasis on...
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White & Case Advises Polish Ministry of Finance on €2 Billion Green Bonds...
Global law firm White & Case LLP has advised the Polish Ministry of Finance on the €2 billion issuance of ten- and 30-year euro-denominated 'Green Bonds', maturing respectively on March 7, 2029 and...
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White & Case Advises Air France-KLM on 2026 Convertible Bonds Issue
fGlobal law firm White & Case LLP has advised Air France-KLM, a leader in global air transport, on its issue of bonds convertible into new shares and/or exchangeable for existing shares (OCEANE)...
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White & Case Advises Banco BPM on €750 Million Bond Issuance
fGlobal law firm White & Case LLP has advised Banco BPM S.p.A. on its €750 million 2% Senior Preferred Unsecured Notes due 2022.The notes have been issued under Banco BPM's €25 billion Euro Medium...
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Testing Times: Insights into the Timing of Incurrence Covenant Testing
fEuropean Leveraged Finance Alert Series: Issue 3, 2019Investors in high yield debt expect protections to be included in documentation in order to prevent bond issuers from taking certain actions that...
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Where banks grow cautious, other investors pick up the leveraged loans baton
fAfter the shock of the financial crisis, many investors and industry observers felt that the riskier end of the debt markets would be frozen out of play. Compelled by new regulations around capital...
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For a head start on an IPO, issue a high yield bond
fIssuing a high yield bond has significant synergies with the steps businesses take to prepare for listing on a public market. High yield bond issuers have already done much of the groundwork needed to...
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Banking and capital markets
fHighlights of our work in 2018Innovative financing under Juncker Plan We advised Crédit Agricole CIB on €830 million in new funding for French SMEs and ISEs through a synthetic securitization, one of...
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Corp Fin Director Highlights the Need for Tailored Brexit Disclosures and...
fIn his March 15, 2019 speech1 at the 18th Annual Institute on Securities Regulation in Europe, William Hinman, Director of the Securities and Exchange Commission's ("SEC") Division of Corporation...
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The Delta Report – Derivatives Newsletter: March 2019
fA Brief Review of BMR Changes in the FCA HandbookBMR continues to develop its impact in the different industry sectors that rely on benchmarks, e.g., derivatives, capital markets, banking, etc., as...
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The new Risk Factor Regime under the Prospectus Regulation
fAfter its entry into force on 20 July 2017, the new Prospectus Regulation ("PR3")1 will become fully applicable from 21 July 2019. It will replace the previous EU Directive 2003/71/EC (the "Prospectus...
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White & Case Advises on Cossi Costruzioni S.p.A. Restructuring
fGlobal law firm White & Case LLP has advised a consortium of major Italian banks on the debt restructuring of Cossi Costruzioni S.p.A., an Italian construction company established in 1976, in the...
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Europe CLOs Gear Up for the Second Quarter After Beating Tough Odds
Europe's CLO market defied expectations during the first quarter of 2019, pricing nearly €7 billion (US$7.9 billion) of new transactions, the fourth highest quarterly volume in the post crisis era....
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SEC Adopts Amendments to Modernize and Simplify Disclosure Requirements
fOn March 20, 2019, the SEC voted to adopt amendments1 to modernize and simplify disclosure requirements for public companies, investment advisers, and investment companies. The amended rules, which...
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White & Case wins three awards at 20th annual IFLR Europe Awards
International Financial Law Review (IFLR) bestowed multiple honors on global law firm White & Case at its 20th annual IFLR European Awards for 2019: 'Loans deal of the year' for the Advent...
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White & Case Advises PPF Arena 1 B.V. on Establishment of €3 Billion Euro...
Global law firm White & Case LLP has advised PPF Arena 1 B.V. on the establishment of its €3 billion Euro Medium Term Note Programme and the debut issuance of €550 million 3.125% notes due March...
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Stock Market Class Action: New protection system of minority shareholders on...
fOn March 19, 2019 a law initiative of Senator Ricardo Monreal Ávila was published in the Parliamentary Gazette of the Senate with a decree project, by means of which certain provisions of the Federal...
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SEC Issues Guidance on "Investment Contract" Analysis of Digital Assets
fFor all those market participants who were unclear as to whether or not their token constituted a security, on April 3, 2019, the SEC released its long-awaited guidance titled "Framework for...
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White & Case Advises EP Infrastructure, A.S. on Issuance of Floating Rate Notes
fGlobal law firm White & Case LLP has advised EP Infrastructure, a.s. (EPIF) on the issuance of its floating rate notes due April 2027.The notes were offered by way of a private placement to...
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