Latest Briefings

The sustainability of green financing

Maples Group acted for Xiaomi Corporation in connection with Xiaomi’s offering of US$800,000,000 2.875% Senior Bonds Due 2031 and US$400,000,000 4.100% Senior Green Bonds Due 2051 issued by Xiaomi Best Time International Limited, incorporated in Hong Kong and unconditionally and irrevocably guaranteed by Xiaomi Corporation, a company controlled through weighted voting rights and incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. The green bonds offering marked Xiaomi’s initial foray into the world of green financing and more broadly Environmental, Social and Governance (ESG). The proceeds of the green bonds are earmarked for ‘Eligible Projects’ within Xiaomi’s finance framework aimed at positive environmental and social benefits. Their framework follows the green bonds and loan guidelines of the International Capital Markets Association.

Guernsey consolidates economic substance and extends it to partnerships

Guernsey has brought partnerships into scope of economic substance requirements for accounting periods commencing on or after 1 January 2022, although partnerships formed on or after 1 July 2021 will be in scope immediately on formation where they conduct activities that trigger the economic substance requirements.

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A&O and ENSafrica lead on South African Airways rescue

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Huge cast of firms claim mandates on Thomas Cook fallout

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Magic circle and US firms win roles on Thomas Cook rescue bid

Clifford Chance is among the firms advising as Chinese conglomerate Fosun confirms its proposed rescue bid for airline Thomas Cook. The deal would see investment company Fosun inject £750m into Thomas Cook as part of a proposed recapitalisation and separation of the group. Corporate partner Tim Lewis and finance partner David Towers led from Clifford Chance […]

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