Publication
Mission impossible? Teresa Ribera’s mission letter and the future of EU merger review
Executive Vice President Vestager’s momentous tenure as Commissioner responsible for EU competition policy is nearing its end.
Hong Kong SAR | Publication | July 2024
The below guides examine the key issues that foreign lenders might encounter when lending to a borrower in Hong Kong. The practice notes discuss three major aspects:
1. Legal and Documentation Issues
A Practice Note providing an overview of the key legal and documentation considerations for a loan agreement which is subject to English law or the law of a US state where a borrower, guarantor or security provider is incorporated in Hong Kong.
2. Regulatory Issues
A Practice Note looking at regulatory issues for a proposed loan finance transaction where the borrower is a company incorporated in Hong Kong and the lender is incorporated in another jurisdiction. It considers economic and trade sanctions laws, anti-money laundering laws, anti-corruption and anti-bribery laws, and currency exchange controls in Hong Kong of interest to foreign lenders, and highlights any licensing or other restrictions on foreign lenders making loans to, or taking security or guarantees from, a company incorporated in Hong Kong.
3. Structuring the Transaction
A Practice Note looking at the key considerations involved in structuring a loan to a company incorporated or located in Hong Kong (which may also involve a guarantor or security provider incorporated or located in, or assets located in, Hong Kong), where the lender is incorporated in another jurisdiction. It looks at considerations such as tax, costs and regulatory issues, and issues that can affect taking security and guarantees.
Reproduced abstracts with the permission from Thomson Reuters. This article was first published in Practical Law, click below links for the original article.
1. Lending to a Company in Hong Kong: Legal and Documentation Issues
2. Lending to a Company in Hong Kong: Regulatory Issues
3. Lending to a Company in Hong Kong: Structuring the Transaction
Publication
Executive Vice President Vestager’s momentous tenure as Commissioner responsible for EU competition policy is nearing its end.
Publication
On 10 October 2024, the UK government published its long awaited response (the Response) to its January 2024 consultation on “Designing a policy framework to enable investment in long duration electricity storage” (the Consultation).
Publication
Miranda Cole, Julien Haverals and Emma Clarke of our Brussels/ London offices are the authors of a chapter on procedural issues in merger control that has been published in the third edition of the Global Competition Review’s The Guide to Life Sciences. This covers a number of significant procedural developments that have affected merger review of life sciences transactions.
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