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Earlier this year, we reported that the ECJ was considering whether the UK’s stamp duty reserve tax ("SDRT") rules that levy a tax charge of 1.5% on the issue or transfer of shares into a clearance service breach EU law .

So it’s been just over a year since Fitch issued their press release confirming that as a matter of policy it would not provide rating agency confirmations during the replacement of special servicers on EMEA CMBS transactions and indeed, just over a year since our last blog on the matter, entitled "What the Fitch??!".

In the wake of the 2007 credit crunch, corporate debt was often trading in secondary markets significantly below par, largely reflecting lender liquidity concerns.

In 2023, many businesses will be looking to reduce their outgoing costs in order to manage the mounting challenges that have presented themselves over the last three years.

Much has been written regarding the recent EU and US sanctions targeting the Russian capital markets, military and oil sectors.

I recently chaired a panel discussion at the Private Debt Summit at the SuperReturn International conference in Berlin.

The Department of Trade and Industry ("DTI") is seeking comments on the content of the business review which is to be included in the directors’ report on the accounts of quoted companies. The requirement for a mandatory operating and financial review ("OFR") has been removed.

On July 5, an industry-led working group convened by the UK's financial regulator published a draft voluntary code of conduct for ESG data and ratings providers (the Code).

Entering a loan agreement requires careful consideration of breach consequences, change of control clauses, borrower restrictions, and lender assignment rights. Negotiate terms to ensure operational flexibility and obtain necessary consents for significant business changes during the loan term

The Takeover Code rules dealing with profit forecasts and disclosure of material changes in information were amended on 30 September.

The Court of Appeal recently considered two appeals concerning the payment of commissions by lenders, and the ruling of the Court has caused some serious fluttering in the dovecots.

The FCA are concise in stating their objective: to "strengthen the UK's position as a global and vibrant financial centre". They intend to do this, they say, by promoting efficient and effective capital raising.

On 26 June 2023, the International Sustainability Standards Board (ISSB) published its first sustainability-related disclosure standards (the Standards). The publication of the Standards, known as IFRS S1...

Life offices have recently filed their FSA Returns, setting out their financial position at the end of 2004. These are a rich source of information, given added interest this year because the larger withprofits offices have had to report their Realistic Balance Sheets (RBS) for the first time. This Executive Briefing sets out Deloitte’s summary of the key data.