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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Latham takes Cooley outsourcing head for pursuit of technology market

Latham & Watkins has continued the aggressive expansion of its technology practice by poaching Cooley Godward partner and outsourcing head Dan Mummery. Mummery will join Latham’s Silicon Valley office as a partner. He is the firm’s fourth partner hire into its global outsourcing and technology transactions group within the last year following in the footsteps […]

Hearsay

Which head of PR at a top 10 firm attempted to rig the vote on a poll to find the UK’s most popular working environment by forcing the staff to vote several times each?

BA attacks ‘back door’ age bias case

British Airways (BA) has accused a group of former staff members bringing a claim for sexual discrimination of trying to bring an age discrimination case “by the back door.” The former BA staff are challenging the airline’s compulsory retirement age of 55 on the grounds that it is unlawful and discriminatory against women. In written submissions to […]

Bar to provide legal training for ambassadors

Concerns that British ambassadors and senior officials at the Foreign and Commonwealth Office (FCO) are ignorant about basic legal issues has led to the launch of special advisory schemes run by the Bar Council. Ambassadors and senior FCO staff are being taught about how the English and European legal systems operate, such as the structure of […]

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