Related briefings

Big Tech worldwide regulation: not if, but how

We appear to have reached a global consensus that it is no longer a question of if we should regulate Big Tech but how we regulate, with a flurry of legislative proposals in Europe and legal actions in the US jostling for attention in the final weeks of 2020.

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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MUFG unveils inaugural EMEA panel with ten firms winning places

Japanese-headquartered Mitsubishi UFG Financial Group has finalised its first European, Middle East and Africa panel, with three magic circle firms named on the roster. MUFG has awarded contracts to Allen & Overy, Ashurst, BCLP, Baker McKenzie, Clifford Chance, Dentons, Herbert Smith Freehills, Linklaters, Norton Rose Fulbright and Simmons & Simmons. MUFG is one of the […]

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Legal roles axed as Uber reveals further job losses

Uber’s in-house legal team in the US has been affected by the ride-hailing company’s decision to cut 3,000 roles overall this week, as it faces a drop in user demand amid the Covid-19 crisis. The Lawyer understands that about 17 per cent of Uber’s US legal team headcount has been laid off, including attorneys, claims […]

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Ashurst and Eversheds lead on Carluccio’s rescue deal

Ashurst and Eversheds Sutherland have seen through the sale of struggling Italian restaurant Carluccio’s, after it fell into administration nearly two months ago. Carluccio’s brought in FRP as its administrators in late March, with Ashurst restructuring partner Drew Sainsbury taking the lead from the firm. Today it was announced that Boparan Restaurant Group will take […]

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