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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Mark Elsey

Full steam ahead for Ashurst on Crossrail procurement deal

Ashurst has won a ­mandate to advise on the procurement of rolling stock and construction of a depot for the £15.9bn Crossrail project. The firm, which has advised Crossrail for ­several years on general commercial work, competed against around five firms on a ­competitive tender. Crossrail already has a panel for property matters – Ashurst […]

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Zenith installs litigator as chief exec

Leeds-based Zenith Chambers has hired former litigator Andrew Argyle to take on the newly created role of chief executive. The set created the ­position after the retirement of practice director Rob Butchard, who had spent 47 years as a clerk, the last 10 at Zenith. Prior to Zenith Argyle was a partner at Lincoln-based Langleys and had spent five […]

Breaking bonds

A personnel-poaching case that has rocked the City has cleared its first hurdle, with Mr Justice Jack ruling that broker Tullett Prebon was the victim of a conspiracy when arch rival BGC Brokers poached 10 of its brokers. Rosenblatt Solicitors partner Clive Hyer jointly instructed One Essex Court’s Jeffrey Onions and 11KBW’s Dan Oudkerk in […]

Trowers promotes four to partner

Trowers & Hamlins has promoted four lawyers to partner across its global offices. The partners have been made up into the commercial, corporate, finance and projects departments and take the total number of partners to 120. Senior partner Jonathan Adlington commented: “This appointment of four new partners is a reflection of Trowers & Hamlins’ continuing […]

Highest-earning French independent Fidal takes second place in Europe

French law firm Fidal posted a turnover of e295m (£265m) for the 2009 financial year, putting ­it among the top two largest ­independent law firms in Europe. Fidal, whose financial year ended on 30 September 2009, revealed the figures to The Lawyer as part of the forthcoming ­European 100 supplement, which will be published on […]

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