Clifford Chance
Finance
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Fundamentals of Private Capital and M&A Transactions Course 2024 (Singapore)
4 September 2024
The course is designed for junior private equity, investment banking, legal and corporate professionals who may benefit from an overview of the primary legal concepts from private investment funds to mergers and acquisitions in Asia Pacific.
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Clifford Chance 10th Annual Asia Funds Conference
9 September 2024
We were delighted to host our Asia Funds Conference which provided an annual industry gathering that delivers the full breadth and depth of our firm's insights on the latest developments affecting the private funds sector.
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The new UK securitisation framework – smarter?
21 May 2024
The UK is now well advanced in its post-Brexit project of replacing the onshored securitisation regulation with a combination of UK legislation and regulator rulebooks. Our panel – Simi Arora-Lalani, Andrew Bryan, Thea Gausel, Kevin Ingram and Julia Tsybina – discussed the forthcoming new ‘Smarter Regulatory Framework’ UK securitisation regime (or regimes!), highlighted differences between the various sets of rules, and assessed the practical impact on the markets. The panel also discussed the pipeline of changes yet to come to the UK securitisation regulatory landscape.
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Cross-border banking into Europe – the closing door
5 March 2024
Near-final reforms in CRD VI will create new obstacles for non-EU banks offering their services on a cross-border basis from 2026. Our panel of regulatory lawyers – Marc Benzler, Simon Crown, Laura Douglas, Caroline Meinertz – examined the new cross-border regime in detail, with a focus on scope, potential exemptions and the impact on currently used cross-border arrangements. They also discussed the new rules governing EU bank branches. In particular, they considered from both the bank and customer perspective how to use the new cross-border regime and what measures regulators will expect to be in place when implementing the new rules.
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The future of ESG derivatives – sustainability-linked derivatives and lessons learned from other sustainability-linked products
12 March 2024
Sustainability-linked products have gone from strength to strength, and there are well-established and widely used principles for sustainability-linked bonds and loans. Attention has recently turned to sustainability-linked derivatives with ISDA publishing a library of standardised clauses to support market participants in exploring these opportunities. In this session, Clifford Chance lawyers Paget Dare Bryan, Caroline Dawson, Matt Dunn, Sarah Lewis, Roger Leese and Angela McEwan looked at how these transactions are developing and how they interact with other sustainability-linked products, as well as some of the regulatory considerations and potential risks to be addressed.
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Clifford Chance Festival of Fintech
12 March 2024
Our third Clifford Chance International Festival of Fintech took place virtually on Tuesday 12 to Thursday 14 March 2024, complemented by in-person events in certain locations.
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Cross-border banking into Europe – the closing door
5 March 2024
Near-final reforms in CRD VI will create new obstacles for non-EU banks offering their services on a cross-border basis from 2026. Our panel of regulatory lawyers – Marc Benzler, Simon Crown, Laura Douglas, Caroline Meinertz – examined the new cross-border regime in detail, with a focus on scope, potential exemptions and the impact on currently used cross-border arrangements. They also discussed the new rules governing EU bank branches. In particular, they considered from both the bank and customer perspective how to use the new cross-border regime and what measures regulators will expect to be in place when implementing the new rules.
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15th Global Funds Conference in Luxembourg
25 January 2024
The Clifford Chance global network and funds industry experts exchanged their views on key legal and regulatory developments impacting fund and asset managers and addressed the challenges and opportunities for the industry.
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Pensions risk transfers in the UK, the US and beyond
12 December 2023
The pensions risk transfer market in both the UK and US is continuing to grow alongside interest in new pensions risk transfer markets, as these transactions become increasingly cross-jurisdictional. In this webinar, our pensions, insurance and collateral partners – Clare Hoxey, Paul Koppel, Gareth Old, Dennis Manfredi, Will Winterton and Cheng Li Yow – discussed trends across the industry, from front end pensions transactions to back end collateralised reinsurance structures.
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Academic Series: Some reflections on the co-existence of judge-made and statutory rules of corporate insolvency law (in-person event – Canary Wharf, London)
30 November 2023
In this Academic Series session, Professor van Zwieten, Clifford Chance Professor of Law and Finance at the University of Oxford, will present new research on the interaction between judge-made rules and statutory rules of corporate insolvency law (in England and Wales), including in the areas of directors’ liability, transaction avoidance, and recognition and assistance in cross-border cases.
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Restructuring and insolvency perspectives on the global economy
14 November 2023
We were delighted that Stephen King, economist, author and senior advisor at HSBC, joined a panel of Clifford Chance experts from across the global restructuring and insolvency group – Philip Hertz, Delphine Caramalli, Douglas Deutsch, Tim Lees, Diana Schoch and Ilse van Gasteren – to look at what lies ahead for the global economy and the financial markets as we head into what may possibly be a perfect storm.
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EU and UK resolution frameworks for insurers – a new horizon
20 June 2023
2023 marks a turning point when it comes to insurance recovery and resolution, following the publication of the EU Commission’s legislative proposal for an Insurance Recovery and Resolution Directive (IRRD) and HM Treasury’s consultation for an Insurance Resolution Regime (IRR). Both proposals appear to be moving in a similar direction, namely, establishing insurance recovery and resolution frameworks similar to those we have seen on the banking side, and aligning the EU and the UK with international standards set by the Financial Stability Board. In this webinar, Clifford Chance lawyers Lucio Bonavitacola, Caroline Dawson, Udo Prinz and Cheng Li Yow discussed how the proposed regimes will work, their differences and the implications for the EU and UK insurance sectors and groups.
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EU and UK debt prospectuses – the diverging outlook for listing, disclosure and offers
6 June 2023
The EU and the UK are currently revising their respective prospectus regimes. In this webinar, our panel of Clifford Chance experts – Auriane Bijon, Cédric Burford, Paul Deakins, Julia Machin, Sebastian Maerker and Jessica Walker – considered the context for the EU Listing Act proposals and draft illustrative UK Financial Services and Markets Act 2000 (Public Offers and Admissions to Trading) Regulations 2023, the related FCA engagement papers and associated changes, and the impact of diverging approaches.
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Bringing “back leverage” to the fore
11 May 2023
Private debt funds are increasingly making use of “back leverage” to enhance internal rates of return on their lending positions and to enable them to write the sizeable loans that traditionally were the preserve of investment banks, reflecting developments in the commercial real estate market and elsewhere, including risk retention financing. We have advised on a wide variety of back leverage structures in Europe and the US whether in the form of loan on loan, repo (both US and European), structured repos, total return swaps (TRS) and CRE collateralised loan obligations (CRE CLOs). In this webinar, Clifford Chance lawyers Lee Askenazi, Fadzai Mandaza, Will Sutton and Will Winterton discussed their principal features and some of the key market issues and trends.
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Securitisation regulation – a fork in the road
25 April 2023
The EU and UK have both undertaken reviews of their respective securitisation regulatory schemes in the last 18 months and we are at a point where it looks likely that the two jurisdictions will start to diverge. In this webinar, Clifford Chance panellists Andrew Bryan, Eduardo García, Kevin Ingram and Marijke van der Weide discussed the progress so far on either side of the channel and how the European securitisation markets might cope with the increasing divergence.
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How to navigate crypto distress
18 April 2023
The cryptoasset markets are facing an extended period of volatility and uncertainty following the bankruptcy filings of significant market participants. In this webinar, our international panel featuring Donna Wacker, Tim Lees, Riccardo Coassin, Laura Douglas and Robert Johnson discussed the key issues for crypto market participants right now, including the lessons learned from the recent market challenges and what steps businesses, regulators and other market participants should be taking to protect themselves against future liquidity and solvency concerns.
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Distributed Ledger Technology and European financial services – the impact of the new EU Pilot Regime
30 March 2023
Our panellists Elise Soucie, Associate Director, Technology & Operations at AFME, along with Clifford Chance speakers Diego Ballon Ossio, Christian Hissnauer, Laura Scaglioni and Alexander Tollast discussed the new EU Pilot Regime (which took effect on 23 March 2023) for distributed ledger technology (DLT), and the extent to which its success or failure will impact the adoption of DLT in financial services in Europe. Our panel of experts also compared the new regime with the UK’s financial market infrastructure sandbox proposal, as well as considered digital bond issuances and the link between the development of DLT market infrastructures and the tokenisation of financial products both in the EU and UK.
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Restructuring and insolvency – maximising value in distressed cross-border real estate
28 March 2023
We are continuing to see stress in the real estate sector, with rising refinancing costs and asset values below their peaks. Our multi-jurisdictional speaker panel which featured Delphine Caramalli, Andrew Carnegie, Stefanie Ferring, Tim Lees and Diana Schoch identified the important legal and commercial considerations for stakeholders to take into account to ensure that they maximise their returns. They also considered the range of contractual and non-contractual options being used to rebalance capital structures.
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Betting on Batteries
21 March 2023
With increasing global demand for batteries to power the clean energy transition (including in automobiles), the opportunities and risks are multiplying. In this webinar, our international team featuring Michelle Williams, Thomas Voland, Rae Lindsay, James Pay, Vicky Ma and Peter Hughes surveyed the issues arising from new technology, new markets, and new deals, including those associated with mineral extraction (human rights and supply chain), regulatory changes and the race to find funding.
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Recent cases in the English courts affecting financial institutions
14 March 2023
Clifford Chance lawyers Claire Freeman, Christopher Ingham, Paget Dare Bryan, Giles Allison and Guy Burkitt offered an interactive analysis of recent English case law of significance for the financial markets. This included the circumstances when banks must disregard their customers and when directors must disregard their shareholders. We also covered when anti-assignment clauses allow defendants to disregard subrogated insurers and when ISDA events of default may never be disregarded.
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Global developments in relation to Silicon Valley Bank
13 March 2023
During the webinar on Monday 13 March 2023 we heard from members of our team based in the US, UK, Europe, Middle East and APAC, who shared analysis of what led to this event, its impact across multiple jurisdictions for borrowers, depositors and creditors and what businesses need to keep in mind and prepare for over the coming weeks and months, as well as the wider market implications.
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13th Luxembourg Annual Funds Conference
2 June 2022
We held our 13th Annual Funds Conference in Luxembourg, on Thursday 2 June 2022, from 17h CEST. The conference took place at the Philharmonie Luxembourg and also virtually.
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What's next for the securitisation markets in EMEA
24 May 2022
In this session, our speaker panel featuring Kevin Ingram, Ouns Lemseffer, Andrew Bryan and Sophie Guilhem-Ducléon, considered the regulatory horizon and the emerging market trends for securitisation in the EMEA region.
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Key regulatory issues in the UK insurance sector in 2022
10 May 2022
Guest speakers Caroline Wagstaff, CEO of the London Market Group, and Adrian Yeo, Deputy Director at Treasury Legal Advisers, HM Treasury, along with Clifford Chance lawyers Ashley Prebble, Cheng Li Yow and Amera Dooley, discussed the UK regulators’ priorities, examined the UK’s plans for regulatory reform and considered the key regulatory issues impacting consumers, regulated firms and new entrants in the UK insurance sector.
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Clifford Chance Annual Asia Funds Conference 2021
2 December 2021
Watch Clifford Chance's Annual Asia Funds Conference - a series of insight-driven conversations closely relevant to the asset management industry where global Clifford Chance Funds & Investment Management experts and special guests discussed trends, challenges, opportunities and new perspectives to consider as the industry undergoes a period of massive transformation.
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LIBOR transition – the road ahead
15 March 2022
In this session, Clifford Chance partners Charles Cochrane, Caroline Dawson, Dauwood Malik, Kate Scott and Andrew Young considered the challenges and market developments relating to LIBOR transition, how the experience of sterling LIBOR transition may inform USD LIBOR transition, and assessed the state of play in Asia and the EU.
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Operational resilience – The challenges and pitfalls for banks
23 November 2021
Watch the webcast where Clifford Chance and Grant Thornton discuss the key requirements and critical success factors for a compliant operational resilience framework and answered questions from the audience about governance, metrics, and other technical issues.
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Operational resilience – the challenges and pitfalls for insurance firms
1 October 2021
There are just over 6 months to go until insurance companies need to comply with the new operational resilience requirements. Clifford Chance and Grant Thornton UK LLP are collaborating to give you access to practical business and legal expertise to help you comply with the new operational resilience requirements.
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Airline Restructuring & Insolvency: Developments & Solutions
21 April 2021
Airlines worldwide are fighting for their survival as a result of the coronavirus pandemic, which has caused an unprecedented fall in passenger demand reinforced by widespread travel bans and populations going into lockdown.
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Insights on the ISDA AGM | Webinar Series 1
11 May 2021
Our derivatives specialists participated in ISDA's annual general meeting and hosted 30 minute briefings to summarise the key themes discussed by keynote speakers, regulators and market participants in the financial markets.
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Insights on the ISDA AGM | Webinar Series 2
12 May 2021
Our derivatives specialists participated in ISDA's annual general meeting and hosted 30 minute briefings to summarise the key themes discussed by keynote speakers, regulators and market participants in the financial markets.
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Insights on the ISDA AGM | Webinar Series 3
13 May 2021
Our derivatives specialists participated in ISDA's annual general meeting and hosted 30 minute briefings to summarise the key themes discussed by keynote speakers, regulators and market participants in the financial markets.
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The new UK securitisation framework – smarter?
21 May 2024
The UK is now well advanced in its post-Brexit project of replacing the onshored securitisation regulation with a combination of UK legislation and regulator rulebooks. Our panel – Simi Arora-Lalani, Andrew Bryan, Thea Gausel, Kevin Ingram and Julia Tsybina – discussed the forthcoming new ‘Smarter Regulatory Framework’ UK securitisation regime (or regimes!), highlighted differences between the various sets of rules, and assessed the practical impact on the markets. The panel also discussed the pipeline of changes yet to come to the UK securitisation regulatory landscape.
