Elicia Bravo Garcia

The clock is ticking with the publication of the UK’s FCA and PRA final rules on securitization; these will, together with The Securitization Regulations 2024, provide a new framework for UK securitizations with effect from 1 November 2024. #Securitization

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I am looking forward to attending the 2024 SPAC Conference in New York next week with my Ogier colleague from Cayman, @Cynthia Anandajayasekeram. Plenty of topics for discussion including #SPAC liability under the Inflation Reduction Act, reducing deSPAC litigation risks, positioning to take advantage after a "too hot" SPAC market, sectors to watch in 2024, controlling SPAC costs, and what to learn from hedge funds making money off SPACs. Ogier is one of the leading offshore firms for SPAC and de-SPAC transactions, advising on the establishment and listing of SPACs in both New York and London, and their subsequent business combination transactions. Our global team of specialists manage innovative and complex transactions requiring careful synchronisation and management alongside exceptional technical expertise. In particular Ogier boasts leading offshore SPAC advisory practices in both the British Virgin Islands and Cayman Islands. Read here how the future of the SPAC may lie offshore: https://lnkd.in/e5YiYCuR If you are attending and would like to connect to discuss the key topics, or to learn more about Ogier's expertise in advising on the establishment and listing of SPACs in New York, and advise on their subsequent business combination transactions, feel free to drop one of us a private message to arrange a meeting. We'd be delighted to catch up. #SpecialPurposeAcquisitionCompany

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The clock is ticking with the publication of the UK’s FCA and PRA final rules on securitization; these will, together with The Securitization Regulations 2024, provide a new framework for UK securitizations with effect from 1 November 2024. #Securitization

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The clock is ticking with the publication of the UK’s FCA and PRA final rules on securitization; these will, together with The Securitization Regulations 2024, provide a new framework for UK securitizations with effect from 1 November 2024. #Securitization

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Financial Markets and Funds Senior Associate Chris Collins recently shared his insights with The Full FX on the challenges small tech providers in the UK and EU face in becoming regulated trading venues. These tech firms are caught between a rock and a hard place — invest heavily to become a regulated trading venue or risk operating in a regulatory "grey zone." Chris points out that having clarity on where particular tech vendors fall within the regulations is critical for clients who are asking their tech vendors, "Are you sure that you're not in scope?" #FX #MTF #FXRegualtion #SEF #Technology #Trading #FinancialMarkets

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In an article for the FT Alphaville, White & Case lawyers reimagine how Zambia’s Eurobond restructuring could have fared under the proposed New York legislation to restructure sovereign debt. A fictional outcome based on real events. Read the full article here: https://ow.ly/J14g50RJsgI #Zambia #restructuring

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Interesting article by my colleague and gambling partner Richard Williams who explains how the changes to direct marketing and game design rules will impact licensed gambling operators. Read it here: https://ow.ly/ow2R50RE8Jo

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Primary Market Bulletin 52 provides some useful reminders to issuers on the application of MAR in key areas, including during offer processes, the preparation of periodic financial information and CEO resignations and appointments. It also guides issuers to the systems and controls that the FCA expects an issuer to have in place to identify, control and disseminate inside information. We have some further thoughts in our occasional PLC market abuse column (link below, paywall). Caroline Chambers Alex Ainley Emma Sutcliffe #MAR #simmons https://lnkd.in/e5njyeCu

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It pays to organise your Gibco optimally. A few thoughts on how careful structuring can help maximise accessibility to cash in your Gibraltar entity. #gibraltarcompany #corporatestructuring #cashisking #ned #gibraltaradvisory #thinkgibraltar #thinkhassans

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Investment Management & Funds (IM&F) is becoming a sector. Eager to embark on this new journey. With our clients. With our teams. For growth. #investmentmanagement #teamwork #strongertogether

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Are you up to speed with the latest Online Safety Act developments? Check out our blogpost here 👇🏽

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This deal is a very public example of how the Bermuda Commerical Court and Bermuda Monetary Authority are uniquely equipped to quickly and cost effectively facilitate best-case commercial outcomes for stakeholders even in the most complex distressed scenarios. One of the many reasons why Bermuda remains the world’s leading (re)insurance domicile.

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📑 𝗖𝗮𝗻 𝗟𝗶𝗻𝗸𝗲𝗱𝗜𝗻 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 𝘆𝗼𝘂𝗿 𝗦𝗵𝗮𝗿𝗲 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁'𝘀 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗶𝗼𝗻 𝗮𝗰𝗰𝗼𝘂𝗻𝘁 𝗽𝗿𝗼𝘃𝗶𝘀𝗶𝗼𝗻𝘀? 📑 Absolutely - the Top 5 Tips collaboration below is powered by the democratization of networking that is LinkedIn. Maksim Adaskevich, CFA, CFE, CFM and I met on LinkedIn a couple of weeks ago and together with Helen Walters, FCA, we've pooled our knowledge to bring you our Top 5 Tips for drafting purchase price adjustments using completion accounts. 📎What tips do you have for getting accounting provisions in SPAs right and keeping clients out of the courtroom? At DWF, the corporate team leans on our litigators Daniel Williams and Andrew Symons, who help keep our clients out of trouble by collaborating on SPAs before they're signed. We also rely heavily on our resident tax gurus Caroline Colliston and Tom Rank, to make sure we're "accounting for" applicable tax issues. If you want to collaborate on a Top 5 Tips or have any SPA queries, please reach out! If you want to learn more about Accuracy, please connect with Maksim Adaskevich, CFA, CFE, CFM. #DWF #Accuracy #MandA

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Real pleasure to have shared the stage with fellow panelist at the #IFESA conference in discussing some of the psychological barriers in facing up to financial difficulty. Business restructuring in the shadow of insolvency can be bruising and difficult for directors and business owners, but the initiation of the process is often a cathartic experience and business rescue offers a new beginning. #businesstransformation

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Our team attended the Global ABS conference in Barcelona and we're excited to share five main themes that emerged: 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐑𝐢𝐬𝐤 𝐓𝐫𝐚𝐧𝐬𝐟𝐞𝐫 (𝐒𝐑𝐓): With Basel IV's impact, we anticipate a surge in the SRT market. More banks than ever before are exploring SRT trades to free up capital, aligning with regulatory encouragement for securitisation as both a funding and capital relief tool. We will continue to look at the fast-growing synthetic SRT market, but also on solutions to facilitate the achievement of SRT on cash deals. 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐂𝐫𝐞𝐝𝐢𝐭 𝐆𝐫𝐨𝐰𝐭𝐡: A transformative shift in financial markets, private credit's expansion is expected to continue. Securitisation will play a crucial role in funding portfolio acquisitions, forward flow funding platforms, and direct lending. 𝐍𝐞𝐰 𝐈𝐬𝐬𝐮𝐞𝐫𝐬' 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭: We are seeing an encouraging increase in interest in securitisation from potential new issuers. This is driven by several factors, but they include the withdrawal of cheap and plentiful central bank funding, the need for funding from other jurisdictions – including Australia – where the capital markets might struggle to handle the supply, and the need to leverage private credit. This suggests there is a fair bit of supply ready to hit the markets in the coming year or two. 𝐄𝐬𝐨𝐭𝐞𝐫𝐢𝐜 𝐀𝐬𝐬𝐞𝐭 𝐂𝐥𝐚𝐬𝐬𝐞𝐬 𝐚𝐧𝐝 𝐉𝐮𝐫𝐢𝐬𝐝𝐢𝐜𝐭𝐢𝐨𝐧𝐬: There is a significant amount of interest in new asset classes and jurisdictions previously less focussed on by European securitisation market participants. There's a growing interest in unique asset classes like data centre securitisation with Australia and the Middle East mentioned as jurisdictions, with increasing interest from Europe. 𝐏𝐨𝐬𝐢𝐭𝐢𝐯𝐞 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐎𝐮𝐭𝐥𝐨𝐨𝐤: The political and regulatory environment is favourable, with European regulators actively seeking to facilitate securitisations. It's a good time to engage with policymakers on regulatory adjustments to support securitisation issuance and investment. For further insights, read our latest publication: "Securitisation Markets and Regulation - Navigating the Shifting Sands." here: https://okt.to/ZgEvbA #GlobalABS #Securitisation #FinancialMarkets #CliffordChance

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We are excited to share that the agenda has been announced for our CCO Virtual Summit. View our full agenda here: https://lnkd.in/e_UJhyvC DLA Piper is hosting an exclusive Chief Compliance Officer Summit for senior legal and compliance professionals, where we will offer an in-depth examination of the evolving compliance landscape surrounding key issues, best practices, and how to mitigate risk. #Compliance #RiskManagement #AI #ESG #SupplyChain

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