Europe: Finance and Banking

The 21st edition of the Deloitte Annual Review of Football Finance was launched on 31 May 2012.

The ICAEW has recently issued a helpsheet on the reduction of share capital under the Companies Act 2006 ("CA06").

Estates leaving 10% or more to charity are set to benefit from a new reduced rate of IHT.

In the context of secured financings, lending banks often require a pledgor to issue a sale power of attorney for the asset pledged (ie, shares, real property or other assets).

The Securities and Exchange Commission (the "SEC") on August 17 promulgated final rules (the "Rules") regarding an asset-backed securities ("ABS") issuer’s duty to file reports under the Securities Exchange Act of 1934 (the "Exchange Act").

Section 621 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") was a reaction to securitizations structured such that the parties involved in arranging and marketing the transaction could profit from circumstances that might result in losses to the investors in the transaction.

One of the primary objectives of the reformed Austrian Insolvency Act ("IO"), which entered into force on 1 July 2010, has been to increase the number of successful corporate reorganisations and to facilitate the continuation of business operations during financial crises.

This newsletter discusses the legislative proposal for a Financial Institutions (Special Measures) Act (Wet bijzondere maatregelen financiële ondernemingen; "Intervention Act") that was submitted to the lower house of the Dutch Parliament on 26 October 2011 by the Minister of Finance and the Minister of Security and Justice.

Case law in the UK tells us of the importance of the duty to take reasonable care and that, if you suffer loss as a result of another party's negligence, you can recover that loss.

In this briefing, we provide an overview of some recent CSRD-related developments which will be of interest to Irish companies.

The ASIC has cancelled the MWL Financial Services' licence for operating a 'low cost advice project' from 2021 to receive referrals from telemarketers/lead generators...

A proposal to bring LLP members within the scope of Employer NICs could, if implemented, lead to significant additional taxation for members of LLPs operating in the asset management and other sectors.