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Over the last few years, the consideration of Environmental, Social, and Governance (ESG) factors have grown in importance when it comes to investment decisions, with ESG ratings serving as a critical benchmark for investors seeking sustainable and ethically sound investment opportunities. However, the reliability of these ratings has come under scrutiny
The Reed Smith Aviation asset backed securitization team recently authored its first in a new series of articles highlighting the current state of the Aviation ABS market and provide a detailed analysis on trends, recent transactions, and other notable items companies should be on the lookout for.
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The Stressed Asset Resolution announced in India’s 2021-22 Union Budget proposed the establishment of a novel twin structure to clean up bank balance sheets in India. In this dual structure, the primary company, the National Asset Reconstruction Company Limited (“NARCL”), is a public sector asset reconstruction company mandated to acquire and aggregate non-performing assets (“NPAs”)
Current need and opportunities
The International Finance Corporation (IFC) and the Emerging Africa Infrastructure Fund recently co-invested in a US$97.6 million social bond issuance to support access to electricity in Ivory Coast. African countries, however, need around US$28 billion of investment each year for the next seven years if they are to meet the ‘Access
Few trials pick up as much interest as that of FTX’s founder and ex-CEO, Sam Bankman-Fried (“Bankman-Fried”). Once the leader of a cryptocurrency exchange platform valued at its peak at around $32 billion[1], Bankman-Fried has spent the past month in a Manhattan federal courthouse facing charges of fraud, conspiracy, and money laundering. Last
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Over the summer, the Reserve Bank of India (RBI) issued a notice to banks and other RBI-regulated entities, emphasising the need to speed up the transition away from LIBOR. The RBI notice states that banks and financial institutions should not enter into any new LIBOR-related contracts after 31 December
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The COVID-19 pandemic has changed, at least temporarily, all facets of society and has had a truly global impact. The scale of fatalities and the losses suffered by families are truly tragic. Whilst the impact of the virus from a medical perspective is starting to become clearer, the economic impact of
Previously in Clash of the Titan 2007-1: Zeus has spoken, we took a brief look at the judgment delivered by Richard Snowden QC. Another interesting aspect of the case which is beginning to generate commentary is that one of the other pre-conditions to the replacement of the Special Servicer is that the successor Special
Well, maybe not Zeus but Richard Snowden QC no less. On Valentine’s Day this year, we published our blog entitled “Clash of the Titan 2007-1”. Now that the red roses have wilted, the champagne drunk and the chocolates eaten, let us take a look at what the first instance decision in Titan Europe
It’s been barely six weeks since the EMIR trade reporting obligations came into effect on 12 February and, as the regulatory dust begins to settle, parties to derivative transactions are still in the process of assessing their duties under the new regime. In the lead up to the February deadline, bank and securities firms were
