Gibson Dunn has been recognized in 20 categories in the 2022 edition of The Legal 500 Asia Pacific.
Firm News | January 13, 2022
Once more, 2021 demonstrated that constant change should become your friend and ally. After a second year of global uncertainty caused by the formidable challenges of the COVID-pandemic, we all long for a return “back-to-normal.” However, chances are that 2022 will continue to present drastic and unpredictable challenges.
Client Alert | January 13, 2022
Gibson Dunn earned 9 firm rankings and 18 individual rankings in the inaugural edition of the Chambers Greater China Region guide.
Firm News | January 12, 2022
Gibson Dunn earned 11 firm rankings and 10 individual rankings in the 2022 edition of Chambers Asia-Pacific.
Firm News | December 16, 2021
Asian Legal Business has named Duniatex Group’s $2.6B Debt Restructuring as the Debt Market Deal of the Year (Premium) at the ALB Indonesia Law Awards 2021.
Firm News | October 13, 2021
Gibson Dunn earned 16 practice area rankings in the 2022 edition of The Legal 500 UK. Six partners were named to Legal 500’s Hall of Fame, recognizing individuals who receive consistent feedback from the market for continued excellence, and seven partners were named Leading Lawyers in their respective practices.
Firm News | October 7, 2021
Expert Guides has named 38 Gibson Dunn partners to the 2021 edition of its Banking, Finance and Transactional Guide, which recognizes the top legal practitioners in the industry.
Firm News | October 7, 2021
In this webcast, a panel discusses the 2021 Revised Sustainability-Linked Loan Principles and the panelists' experiences developing them.
Webcasts | September 20, 2021
London partner Michelle Kirschner and New York partner Arthur Long are the authors of "UK independent review of post-financial crisis proprietary trading rules -- an opportunity for reform?" first published by Thomson Reuters Regulatory Intelligence on May 20, 2021.
Article | May 28, 2021
Gibson Dunn’s Managing Partner Barbara Becker and Los Angeles partner Linda Curtis were named among the IFLR1000 Women Leaders for 2021, featuring “the most prominent female lawyers working in financial and corporate law.” The guide was published May 5, 2021.
Firm News | May 5, 2021
Gibson, Dunn & Crutcher LLP is pleased to announce that William Hallatt will join the firm’s Hong Kong office. Hallatt, formerly a partner at Herbert Smith Freehills, will continue his financial services regulatory practice.
Press Releases | April 28, 2021
On April 6, 2021, New York Governor Andrew Cuomo signed into law Senate Bill 297B/Assembly Bill 164B, the long anticipated New York State legislation addressing the cessation of U.S. Dollar LIBOR.
Client Alert | April 8, 2021
On March 5, 2021, regulators and industry groups provided market participants with much anticipated clarity by announcing the dates for the cessation of publication of, and non-representativeness of, various settings of the London Interbank Offered Rate which will allow market participants to identify the date that their financial instruments and commercial agreements that reference LIBOR will transition to an alternative reference rate (e.g., a risk free rate).
Client Alert | March 9, 2021
London partners Susy Bullock, Matthew Nunan, Michelle Kirschner and James Cox are the authors of "Big data, ethics and financial services: risks, controls and opportunities," published by the Buttersworth Journal of International Banking and Financial Law in February 2021.
Article | February 26, 2021
Gibson Dunn has been recognized in 17 categories in the 2021 edition of The Legal 500 Asia Pacific. The Singapore office was ranked in the following Foreign Firms categories: Banking and Finance, Corporate and M&A, Energy, and Restructuring.
Firm News | January 15, 2021
At Gibson Dunn, we are proud and honored to be at your side to help solve your most complex legal questions and to continue our partnership with you in the coming year in Germany, in Europe and the world. We trust you will find this German Law Year-End Update insightful and instructive for the best possible start in 2021.
Client Alert | January 14, 2021
The European Commission’s Sustainable Finance Action Plan proposed a package of measures including, amongst other initiatives, a regulation imposing sustainability-related disclosures on financial market participants and a regulation to establish an EU-wide common language (or taxonomy) to identify the extent to which economic activities can be considered sustainable.
Client Alert | November 3, 2020
Gibson, Dunn & Crutcher LLP is pleased to announce that Laura Rupenian has joined the firm’s San Francisco office as a member of the Global Finance and Private Equity Practice Groups, where she will focus on leveraged financings for private equity firms.
Press Releases | November 2, 2020
Expert Guides has named 33 Gibson Dunn partners to the 2020 edition of its Banking, Finance and Transactional Guide, which recognizes the top legal practitioners in the industry.
Firm News | October 7, 2020
The National Diversity Council named Houston partner Shalla Prichard among the 50 Most Powerful Women in Oil and Gas. The list was published on October 6, 2020.
Firm News | October 6, 2020
Gibson, Dunn & Crutcher LLP is pleased to announce that Ben Myers has joined the firm’s London office. Myers, formerly a partner at Kirkland & Ellis LLP, will continue his global finance practice.
Press Releases | August 10, 2020
The Senior Managers and Certification Regime has applied to Financial Conduct Authority-solo regulated firms since 9 December 2019. This client alert provides a brief overview of the key changes that firms should have already implemented, summarizes key lessons from the FCA’s approach to enforcement of the regime against the banks, and details the steps that firms should be undertaking prior to the extended deadline of 31 March 2021.
Client Alert | July 23, 2020
Best Lawyers in Germany 2021 has recognized 19 Gibson Dunn attorneys as leading lawyers in their respective practice areas. Frankfurt attorneys recognized include: Alexander Klein – Banking and Finance Law; Jens-Olrik Murach – Competition/Antitrust Law, and Litigation; Dirk Oberbracht – Corporate Law, Mergers and Acquisitions Law, and Private Equity Law; Wilhelm Reinhardt – Corporate Law, and Mergers and Acquisitions Law; Sebastian Schoon – Banking and Finance Law; and Finn Zeidler – Arbitration and Mediation, Criminal Defense, and Litigation.
Firm News | June 26, 2020
Best Lawyers in France 2021 recognized 17 Gibson Dunn attorneys and named Gibson Dunn the Insolvency and Reorganization Law “Law Firm of the Year.”
Firm News | June 25, 2020
New York partner Barbara Becker and Los Angeles partner Linda Curtis were named among the IFLR1000 Women Leaders for 2020, featuring “the leading female transactional lawyers in the world.” The guide was published June 18, 2020.
Firm News | June 24, 2020
Best Lawyers in the United Kingdom 2021 has recognized 12 Gibson Dunn attorneys as leading lawyers in their respective practice areas: Cyrus Benson – International Arbitration; Thomas Budd – Real Estate Finance; Gregory Campbell – Private Equity Law; James Cox – Employment Law; Patrick Doris – International Arbitration; Charlie Geffen – Mergers and Acquisitions Law, and Private Equity Law; Penny Madden – International Arbitration; Mitri Najjar – Corporate Law; Philip Rocher – Litigation; Alan Samson – Financial Services, Real Estate Finance, and Real Estate Law; Jeffrey Sullivan – International Arbitration; and Steve Thierbach – Capital Markets Law.
Firm News | June 12, 2020
Hong Kong partner Michael Nicklin, Singapore partner Jamie Thomas, and Hong Kong partners Paul Boltz and Scott Jalowayski are the authors of "Practical advice for company directors facing a liquidity crunch," [PDF] published by International Financial Law Review on May 26, 2020.
Publications | June 9, 2020
Gibson, Dunn & Crutcher LLP is pleased to announce that Aly Kassam has rejoined the firm’s Dubai office. Kassam, formerly with Latham & Watkins LLP, will continue to focus on cross-border banking and finance transactions, including both conventional and Islamic financing, restructuring and other transaction financing matters.
Press Releases | May 27, 2020
As the COVID-19 global pandemic continues to devastate economies, trading prices for many bank loans have fallen significantly. Private equity sponsors are looking at debt buybacks as a potential opportunity to de-lever their portfolio companies at a significant discount.
Client Alert | May 5, 2020
In light of the significant impact of COVID-19, the UK Financial Conduct Authority (FCA), like many other regulatory authorities globally, has introduced a number of temporary measures impacting financial services firms.
Client Alert | April 23, 2020
In this client alert we summarise: (i) the announcement of details on the Coronavirus Large Business Interruption Loan Scheme (the “CLBILS”); and (ii) the announcement of a new funding scheme for innovative companies that are facing financing difficulties due to the COVID-19 pandemic (the “Innovation and Development Scheme”).
Client Alert | April 22, 2020
Best Lawyers in Singapore 2021 has recognized five Gibson Dunn attorneys as leading lawyers in their respective practice areas: Troy Doyle – Insolvency and Reorganization Law; Jai Pathak – Banking and Finance and Mergers and Acquisitions Law; Brad Roach– Energy Law and Mergers and Acquisitions Law; Saptak Santra – Banking and Finance and Energy Law; and Jamie Thomas – Banking and Finance.
Firm News | April 13, 2020
Gibson Dunn lawyers outline key strategies for private equity funds seeking to acquire both distressed assets and assets of distressed sellers during the COVID-19 pandemic.
Client Alert | April 8, 2020
Gibson Dunn lawyers examine considerations for private credit investors in the Asia-Pacific region stemming from the COVID-19 pandemic.
Client Alert | April 7, 2020
Paris associate Alexis Downe is the author of “The choice of French Law for the new ISDA Master Agreement: Part 2” [PDF] published by the Buttersworths Journal of International Banking and Financial Law in April 2020.
Publications | April 1, 2021
Hong Kong partner Michael Nicklin and Singapore partner Jamie Thomas are the authors of “Coronavirus: Time for Companies to have a Financing Check-up whilst the Black Swan is Circling,” [PDF] published by Asian Legal Business on March 13, 2020.
Publications | March 17, 2020
Gibson Dunn discusses key areas of focus for private equity sponsors seeking to minimize the impact of the COVID-19 outbreak on their portfolio companies.
Client Alert | March 4, 2020
Gibson Dunn has been recognized in 15 categories in the 2020 edition of The Legal 500 Asia Pacific. The Singapore office was ranked in the following Foreign Firms categories: Banking and Finance, Corporate and M&A, Energy and Restructuring.
Firm News | January 21, 2020
Best Lawyers named three Gibson Dunn attorneys to the 2020 edition of Best Lawyers in Brazil. The publication recognized São Paulo partner Lisa Alfaro for Corporate and M&A Law, New York partner Jose Fernandez for Energy Law, and São Paulo of counsel Fernando Almeida for Banking and Finance Law.
Firm News | December 9, 2019
Paris associate Alexis Downe is the author of "The choice of French Law for the new ISDA Master Agreement: Part 1" [PDF] published by the Buttersworths Journal of International Banking and Financial Law in November 2019.
Publications | November 1, 2019
On September 23, 2019, the UK’s highest court ruled that Prime Minister Boris Johnson’s decision to suspend (or “prorogue”) Parliament for five weeks, from September 9, 2019 until October 14, 2019, was unlawful.
Client Alert | September 24, 2019
An update on the political state of play in the United Kingdom after Boris Johnson was selected as Prime Minister, covering Brexit and other developments.
Client Alert | July 26, 2019
New York partner Barbara Becker and Los Angeles partner Linda Curtis were named among the IFLR1000 Women Leaders, featuring 300 female attorneys that “are working at the top of their professions in their jurisdictions.” The guide will be published July 31, 2019.
Firm News | July 24, 2019
Best Lawyers in the United Kingdom 2020 has recognized 11 Gibson Dunn partners as leading lawyers in their respective practice areas: Cyrus Benson – International Arbitration; Thomas Budd – Real Estate Finance; James Cox – Employment Law; Patrick Doris – International Arbitration; Charlie Geffen – Private Equity Law; Penny Madden – International Arbitration; Mitri Najjar – Corporate Law; Philip Rocher – Litigation; Alan Samson – Finance Services, Real Estate Finance and Real Estate Law; Jeffrey Sullivan – International Arbitration; and Steve Thierbach – Capital Markets Law.
| June 28, 2019
Best Lawyers in Germany 2020 has recognized 14 Gibson Dunn attorneys as leading lawyers in their respective practice areas. In Frankfurt: Jens-Olrik Murach – Competition/Antitrust Law and Litigation; Dirk Oberbracht – Corporate Law, Mergers and Acquisitions Law and Private Equity Law; Wilhelm Reinhardt – Mergers and Acquisitions Law; and Finn Zeidler – Arbitration and Mediation and Litigation.
Firm News | June 28, 2019
Best Lawyers in France 2020 has recognized 16 Gibson Dunn attorneys as leading lawyers in their respective practice areas: Ahmed Baladi – Information Technology Law, Intellectual Property Law, Privacy and Data Security Law and Telecommunications Law; Nicolas Baverez – Administrative Law, Public Law and Regulatory Practice; Maïwenn Béas – Public Law; Amanda Bevan-de Bernède – Banking and Finance Law and Investment; Eric Bouffard – International Arbitration; Bertrand Delaunay – Mergers and Acquisitions Law and Private Equity Law; Jérôme Delaurière – Tax Law; Jean-Pierre Farges – Arbitration and Mediation, Banking and Finance Law, Insolvency and Reorganization Law and Litigation; Pierre-Emmanuel Fender - Insolvency and Reorganization Law; Benoît Fleury – Corporate Law
Firm News | July 1, 2019
New York partner Aaron F. Adams and of counsel Yair Y. Galil, London partner Amy Kennedy and associate Nisha Dulabdas, and Denver associate Fred N. David are the authors of "INSIGHT: The Next Big Thing in Green Finance— Sustainability-Linked Loans" [PDF] published by Bloomberg Law on May 16, 2019.
Publications | May 16, 2019
IJGlobal has named PT Medco Energi Internasional Tbk.’s (“MedcoEnergi”) US$500 million six-year secured revolving reserve-based lending (RBL) facility as the 2018 Asia Pacific Upstream Oil & Gas Deal of the Year at its annual IJGlobal Awards, held on March 28, 2019.
Firm News | March 28, 2019
New York partner Aaron Adams and of counsel Yair Galil are the authors of "New Guidelines Boost Sustainability-Linked Lending" [PDF] published by Law360 on March 27, 2019.
Publications | March 27, 2019
Sustainability linked loans, a fast-growing loan product introduced in the United States last year, got a significant boost this week with the promulgation of the Sustainability Linked Loan Principles by the leading syndicated lending industry associations.
Client Alert | March 22, 2019
Gibson Dunn has been recognized in 12 categories in the 2019 edition of The Legal 500 Asia Pacific. The Singapore office was ranked in the following Foreign Firms categories: Banking and Finance, Corporate and M&A, Energy and Restructuring.
Firm News | January 18, 2019
Looking back at the past year's cacophony of voices in a world trying to negotiate a new balance of powers, it appeared that Germany was disturbingly silent, on both the global and European stage.
Client Alert | January 11, 2019
Gibson Dunn earned 12 firm rankings and 21 individual rankings in the 2019 edition of Chambers Asia-Pacific.
Firm News | November 29, 2018
New York partner J. Eric Wise and New York of counsel Yair Galil are the authors of "Unitranche 'Agreements Among Lenders'," [PDF] published by Bloomberg Law on November 20, 2018.
Publications | November 20, 2018
Negotiators for the European Union and the United Kingdom have agreed a draft withdrawal agreement that sets out how and when the UK will leave the EU (commonly known as "Brexit"). A separate, non-binding draft declaration sets out the aspirations for the future trading relationship.
Publications | November 19, 2018
Our discussions with politicians, civil servants, journalists and other commentators lead us to believe that the most likely outcome of the Brexit negotiations is that a deal will be agreed at the “softer” end of the spectrum, that the Conservative Government will survive and that Theresa May will remain as Prime Minister at least until a Brexit deal is agreed (although perhaps not thereafter).
Client Alert | October 10, 2018
Following the global financial crisis, the restrictions on a lender's ability to transfer its voting participations in the European leveraged acquisition finance space (assuming an English-law governed facility agreement) became reasonably standard, albeit they were slightly more favourable towards the lender than the borrower.
Client Alert | September 11, 2018
Following the widely reported Cabinet meeting at Chequers, the Prime Minister's country residence, on Friday 6 June 2018, the UK Government has now published its "White Paper" setting out its negotiating position with the EU.
Client Alert | July 12, 2018
London partner Greg Campbell, of counsel Anne MacPherson; and Hong Kong partner Michael Nicklin are the authors of “A World of Convergence?" [PDF] published in the July/August 2018 issue of IFLR.
Article | July 1, 2018
Los Angeles partner Linda Curtis and New York partner Barbara Becker were recognized as part of the IFLR1000 Women Leaders. This guide recognized 300 female attorneys that are “among the best transactional specialists in their markets and practice areas.” This guide was published June 8, 2018.
Firm News | June 8, 2018
International Financial Law Review has named HBC/WeWork/Rhône Global Strategic Partnerships as the Private Equity Deal of the Year at the IFLR Americas Awards.
Firm News | May 17, 2018
New York partner J. Eric Wise and New York of counsel Yair Galil are the authors of "Mezzanine Financing - Payment Subordination Agreements," [PDF] published by Bloomberg Law on April 17, 2018.
Article | April 17, 2018
London partner Gregory A. Campbell and London associate Nisha Dulabdas are the authors of "Intra-group Asset Transfers: In the Net, or Out?" [PDF] published in the Butterworths Journal of International Banking and Financial Law in March 2018.
Article | March 1, 2018
In early 2017, Indonesia established a new form of production sharing contract (‘PSC’), the Gross-Split PSC, which abolished the cost recovery system first pioneered by Indonesia in 1966.
Article | April 13, 2018
New York partner J. Eric Wise and New York of counsel Yair Galil are the authors of “'Crossover' or 'Split Collateral' Lien Subordination,” [PDF] published by Bloomberg Law on April 13, 2018.
Article | April 13, 2018
IJGlobal has named PT Medco Energi Internasional Tbk.’s Aceh Block A Project Financing as the 2017 Asia Pacific Oil & Gas Deal of the Year at its IJGlobal Awards, held on March 21, 2018.
Firm News | March 21, 2018
In our client alert of 8 December 2017 we summarised the political deal relating to the terms of withdrawal of the UK from the EU with a two year transition.
Client Alert | March 12, 2018
New York partner J. Eric Wise and New York of counsel Yair Galil are the authors of "'All Assets' First-Lien/Second-Lien Intercreditor Agreements," [PDF] published by Bloomberg Law on March 7, 2018.
Article | March 7, 2018
As some sectors of the UK economy continue to falter and feel the negative impact of various macro-economic events (including depressed oil and commodity prices, low interest rates and the uncertainty caused by the Brexit referendum decision and ensuing withdrawal process), it is inevitable that a number of borrowers will find themselves in pre-distressed or distressed scenarios.
Client Alert | January 31, 2018
"May you live in interesting times" goes the old Chinese proverb, which is not meant for a friend but for an enemy. Whoever expressed such wish, interesting times have certainly come to pass for the German economy.
Client Alert | January 7, 2018
The UK Government and the European Commission have issued a joint report setting out the progress of the phase 1 negotiations for the Brexit divorce terms.
Client Alert | December 8, 2017
Brussels partners Peter Alexiadis, Jens-Olrik Murach and associate Balthasar Strunz are the co-authors of "The EU Court of Justice rules in favour of restrictions on the use of platforms in a selective distribution system (Coty),” [PDF] published in e-Competition Bulletin March 2018 – II, Art.
Article | December 6, 2017
London partner Stephen Gillespie is the author of "UK Dealmakers are Finally Hearing the City's View," [PDF] published by Gulf News on September 24, 2017.
Article | September 24, 2017
France is great again?Many of you have read positive articles on the new government in France and its freshly elected President, Emmanuel Macron. Is it real?First, one needs to understand the context: a quasi-unknown individual a year ago, Mr.
Client Alert | July 20, 2017
Theresa May's decision to call a snap UK general election has backfired. The Conservatives emerged as the biggest party in yesterday's UK general election but lost their overall majority. Theresa May's authority and leadership have been greatly weakened, perhaps even fatally damaged, by the shock result. The Conservatives won 319 (down from 331) seats in the House of Commons. A governing party needs 326 seats out of 650 seats for a majority. The Labour party gained 29 seats, enjoying their biggest increase in the share of the vote since 1945. A so-called "progressive alliance" between them and such of the minority parties as have indicated a willingness to work in coalition with Labour would not be sufficient to command an outright
Client Alert | June 9, 2017
The European Central Bank (the "ECB") published its final Guidance on Leveraged Lending Transactions (the "ECB Leveraged Lending Guidance") on May 16, 2017.
Client Alert | June 5, 2017
The UK prime minister Theresa May has called a surprise general election for 8 June 2017. Earlier this week she won a House of Commons vote by 522 to 13 to override the standard five year fixed term between general elections.Theresa May is hoping the early election will convert her current working majority of 17 MPs in the House of Commons into a much bigger majority (with some predictions of a "landslide" victory). The prime minister says this will strengthen her hand in Brexit negotiations and provide the "strong and stable leadership" the country needs.Brexit negotiations will begin in earnest after the elections in France (the first round takes place on 23 April 2017, with the top two candidates facing each other in a second run-off on 7
Client Alert | April 21, 2017
The UK government has today triggered Article 50 – the official legal notification to the EU that the UK is going to leave the bloc. This means that, unless otherwise agreed with the EU member states, the UK will be out of the EU by end March 2019.
Client Alert | March 29, 2017
Dubai partner Richard Ernest and associate Aly Kassam are the authors of "Alternative Capital Come Calling in the Region," [PDF] published by Gulf News on March 23, 2017.
Article | March 23, 2017
The enforceability of the so-called "make-whole" premium--the contractual yield-protection payment included in certain debt documents that is calculated to offset lost future interest payments when term debt is repaid before maturity--has been analyzed in several decisions in recent years.
Client Alert | January 25, 2017
The Supreme Court (the UK's highest court) has ruled today that parliament must vote on whether the UK can start the process of leaving the European Union. The Supreme Court held by a majority of eight to three that the UK government cannot trigger Article 50 – the official legal notification to the EU that the UK is going to leave the bloc – without an act of parliament authorising it to do so. The landmark decision upholds a High Court ruling handed down last November. The UK government had argued that royal prerogative powers mean MPs do not need to vote on triggering Article 50. The Supreme Court rejected this. Withdrawal from the EU will fundamentally change the UK's constitutional arrangements because it will cut off the source of EU law: &
Client Alert | January 24, 2017
Over the last eight years, the German economic recovery seemed very robust to any sort of political and financial turbulences occurring in the EU and world-wide.
Client Alert | January 13, 2017
The UK High Court has ruled today that parliament must vote on whether the UK can start the process of leaving the European Union. This means the UK government cannot trigger Article 50 – the official legal notification to the EU that the UK is going to leave the bloc – without parliamentary approval.
Client Alert | November 3, 2016
The UK Prime Minister, Theresa May, has announced that Article 50 – the official legal notification to the EU that the UK is going to leave the bloc – will be triggered by end March 2017. This means the UK will be out of the EU by end March 2019. The UK will have two years from the Article 50 notice to negotiate the terms of its relationship with the EU. Theresa May has not given any information on the type of Brexit deal the UK Government will be pursuing. However, the Prime Minister insists that the UK will not "give up control of immigration again". The requirement for restrictions on free movement of people may make it difficult for the UK to remain in the EU single market.
Client Alert | October 3, 2016
As the debate widens and the complexity of the challenges of Brexit emerges, it is becoming increasingly difficult to simplify the issues at the centre of the discussion. Much is being written and The Financial Times this week (w/c 19 September) had some interesting articles.This is what we are hearing: Whilst some academics continue to debate issues of process, the better legal view is that the Government is entitled to serve the Article 50 notice without Parliamentary approval.
Client Alert | September 22, 2016
London partner A. Stephen Gillespie is the author of "Key Issues for US Firms to Know about UK Decision to Brexit" [PDF] published on July 6, 2016 by Daily Journal.
Article | July 6, 2016
As you will all be aware, the UK electorate voted last week to leave the European Union. The Referendum does not itself trigger any immediate legal consequences and the actual timing for a UK exit from the EU (if at all) is uncertain. However, the vote to leave had an immediate and direct effect on the global finance markets, with Sterling falling to a 30-year low against the Dollar, and the ratings agencies announcing a UK ratings downgrade reflective of weakening investor confidence.
Client Alert | June 29, 2016
This is an update to our client alert published on June 21, 2016 in which we addressed the possible legal consequences of a vote to leave the European Union in the Referendum held in the United Kingdom on June 23, 2016. Now that the outcome of the Referendum is known, we consider in this client alert some of the likely immediate consequences of that vote and its impact on anyone doing business in the UK.What happened on June 23?In a result announced in the early hours of June 24, the UK electorate voted, by a majority of 51.9% to 48.1%, to leave the European Union.
Client Alert | June 28, 2016
You will all be aware that the UK electorate voted yesterday, by a margin of 52% to 48%, to leave the European Union. Following that vote, the UK Prime Minister, David Cameron, has announced today that he will step down in October when a new leader of the Conservative party (and, therefore, Prime Minister) will take office. The referendum does not itself trigger any legal consequences. The actual timing for a UK exit from the EU is uncertain. Whilst Mr. Cameron has indicated that the UK government will not invoke the mechanisms required under the Treaty of Lisbon to trigger negotiations leading to BREXIT until a new administration is in place, the presidents of the EU institutions, in a joint statement issued today, have said that they expect the UK to give eff
Client Alert | June 24, 2016
For the past few months, it has been impossible for anyone living in the United Kingdom to escape coverage of the Referendum on the UK's continued membership of the European Union. Whilst general coverage has been extensive and unrelenting, there has been considerably less focus on what might happen after a vote to "leave" (i.e.
Client Alert | June 21, 2016
Gibson Dunn provides a brief overview of the key legal and regulatory developments in India from October 1, 2015 to April 30, 2016.
Client Alert | May 18, 2016
The changing regulatory landscape in the wake of the global financial crisis has resulted in a number of practical and legal challenges, particularly for those actively lending in the global markets – whether they are banks, financial institutions, funds or alternative capital providers. One of the most prominent banking reforms implemented to date is the EU Bank Recovery and Resolution Directive (the "BRRD"). The BRRD seeks to establish a common framework for failing financial institutions, notably providing regulators with bail-in powers to write down and/or convert into equity certain liabilities of a failing financial institution. The BRRD requires that an "EEA financial institution" includes the contractual recognition of a bail-in clause wit
Client Alert | May 4, 2016
In 2014, total leveraged lending in the United States filled out to approximately $940 billion. A large portion of this market, roughly $340 billion in 2014, consisted of "Term Loan B" loans, driven by investors in non-traditional lending markets, particularly hedge funds, institutional investors and collateralized loan obligations (CLOs). As the market has matured, Term Loan B loans, once almost exclusively a US market phenomenon, have gradually established themselves in the European market and made inroads into new markets, particularly the Asian/Pacific markets. For example, in 2014, Goodpack, Ltd., a Singaporean enterprise, became one of the first Asian/Pacific companies outside of Australia to access the US Term Loan B market
Client Alert | July 1, 2015
New York partner Janet Vance is the author of “Commitment Letters: Trends in Selected Provisions - An Expert's View” [PDF] published in the June 2015 issue of PLC's Practical Law Finance.
Article | June 9, 2015
On January 19, 2015, the PRC Ministry of Commerce ("MOFCOM") published the draft Foreign Investment Law (the "Draft Law") for public comments, which is intended to replace the existing foreign investment related laws and regulations (the "Existing Laws") and introduce a more market-based regulatory regime for foreign investments into China.Current RegimeChina currently has three major pieces of legislation governing foreign investments: the Sino-Foreign Joint Venture Law passed in 1979 (the "Equity JV Law"), the Foreign Enterprise Law passed in 1986 (the "WFOE Law") and the Sino-Foreign Co-operative Joint Venture Law passed in 1988 (the "Co-operative JV Law"). A particular form of entity is allowed to be set up in Chin
Client Alert | January 23, 2015
New York partner Joerg Esdorn and of counsel Yair Y. Galil are authors of "Loan Covenant Checklist: Restricted Payments" [PDF] published by Practical Law.
Article | January 1, 2015
On October 14, 2014, the Bankruptcy Court for the Southern District of New York issued a bench ruling in the In re MPM Silicones, LLC (Momentive) Chapter 11 cases, which serves as a stark reminder of the function and importance of carefully drafted and negotiated intercreditor agreements in a Chapter 11 context.
Client Alert | November 12, 2014
New York partner Janet Vance is the author of "An Expert’s View: Mid-Year Trends in Large Cap and Middle Market Loan Terms" [PDF] that “examines issues around OFAC and anti-money laundering representations and describes factors that may affect middle market deal activity.” The article was published in the July/August 2014 issue of Thomson Reuters's Practical Law The Journal.This material from Practical Law The Journal has been reproduced with the permissions of the publisher, Thomson Reuters.
Client Alert | July 17, 2014
After a public consultation period of three months, the PRC State Administration of Foreign Exchange ("SAFE"), China's foreign exchange control authority, issued the Foreign Exchange Administration Rules on Cross-border Guarantees (the "New Rules") on May 19, 2014.
Client Alert | May 20, 2014
Gibson Dunn's leading practitioners and special guests review the current landscape of mergers and acquisitions and discuss key developments and trends shaping the global market.
Webcasts | March 6, 2014