Homburger advised 21Shares on cash tender offer for exchange traded products
On October 11, 2022, 21Shares AG (21Shares), the world’s largest issuer of cryptocurrency exchange traded products, launched a first-of-its-kind public cash tender offer for all out-standing exchange traded products of the series 21Shares Terra Classic ETP issued by 21Shares under its Exchange Traded Products Programme.
Homburger advised Credit Suisse on its inaugural EUR 750 m Swiss Covered Bonds Issuance
On December 7, 2022, Credit Suisse (Switzerland) Ltd. issued an aggregate of EUR 750 m of covered bonds. The new series, EUR 750 m Fixed-Rate Covered Bonds due 2026, has been Credit Suisse (Switzerland) Ltd.’s inaugural EUR covered bonds issuance. The covered bonds were issued under its Swiss Covered Bonds Programme and will be listed …
GOF advises Adaptavist on the acquisition of venITure
The commercial law firm Gütt Olk Feldhaus advised Adaptavist Group Ltd., a leading provider of services in the area of digital transformation with seat in London, on the acquisition of venITure GmbH.
INFORMATION NOTE ON THE DRAFT REGULATION AMENDING THE REGULATION ON BANK CARDS AND CREDIT CARDS
Banking Regulation and Supervision Agency (“BRSA”) has published the Draft Regulation Amending the Regulation on Bank Cards and Credit Cards (“Draft Regulation”) on its website on 28 October 2022 to receive opinions from market players. In the Draft Regulation, the term “card scheme” is introduced and various obligations are foreseen for foreign card scheme institutions.
AMENDMENTS INTRODUCED BY THE DECREE ON THE DETERMINATION OF THE COMPANIES SUBJECT TO INDEPENDENT AUDIT PUBLISHED IN THE OFFICIAL GAZETTE DATED 30.11.2022 AND NUMBERED 32029
The Presidential Decree No. 6434 on the Determination of the Companies Subject to Independent Audit (“Decree”) published in the Official Gazette dated 30.11.2022 and numbered 32029. With this Decree, the criteria for the companies to be subject to independent audit has been re-determined and the thresholds relating to the companies to be subject to audit …
Court of Appeal releases written grounds for upholding decision in US$1.48b environment related claim
The Singapore Court of Appeal on 2 December 2022, issued its written grounds for upholding the High Court (General Division)’s decision in Ok Tedi Fly River Development Foundation Ltd and others v Ok Tedi Mining Ltd and others [2021] SGHC 205. The appeal was successfully resisted by the Dentons Rodyk team led by Mark Seah, Co-Head of the Litigation …
Han Kun Releases 2021 Fund Practice Data Analysis Report
PE fund market rebounded. Smart hardware and biomedicine retained the crown.
Tilleke & Gibbins Strengthens Vietnam Corporate Team with New Partner Hire
Tilleke & Gibbins is pleased to announce that it has bolstered the capabilities of its Corporate & Commercial team in Vietnam with the hire of Tram Ngoc Bich Nguyen as a partner.
New liability rules for artificial intelligence in the European Union
There’s a lot going on in the EU about Artificial Intelligence – Artificial Intelligence (AI) is at the heart of the EU’s strategy for creating a digital single market, and too this end, a number of EU legal documents have seen the light of day over the last several years. However, in April 2021, the …
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Mathias Drescher: A New Attorney at Binder Grösswang
Binder Grösswang has added a new attorney to its banking & finance team. Since the end of November, Attorney-at-Law Mathias Drescher (32) has been strengthening the successful finance team led by Binder Grösswang partners Stefan Tiefenthaler and Emanuel Welten.