Bailout

Cyprus: The Day After - The sun will still shine bright

by Pavlos Aristodemou | Harney Westwood & Riegels on 4/10/2013

Introduction - Cyprus has been in the spotlight recently due to the negotiations with what has become known as the troika (the International Monetary Fund, the European Central Bank and the European Commission)...more

Cyprus Agrees to Bailout Terms

by Orrick - Structured Finance Group on 4/5/2013

Cyprus has come to an agreement with the European Union and the International Monetary Fund (IMF) for a €10bn bailout in an attempt to avoid the collapse of its banking sector and the impact that would have on the wider...more

Orrick's Financial Industry Week In Review - April 2, 2013

by Orrick, Herrington & Sutcliffe LLP on 4/2/2013

In This Issue: *Financial Industry Developments - CFTC No-Action Relief for Commodity Trader Advisor Registration - CFTC Regulations on Associated Persons of Swap Dealers and Major Swap Participants -...more

Cyprus: Not the Archduke Ferdinand Moment, This Time

by Rick Jones | Dechert LLP on 3/26/2013

Among the more technical topics we cover in this Blog, we keep an eye on Europe as we fundamentally continue to worry that Europe’s disease could infect our markets. As I write this, Cyprus is trying to sort out the terms of...more

Legal impacts of the Cyprus banking crisis

by Pavlos Aristodemou, Peter Tarn | Harney Westwood & Riegels on 3/21/2013

20 March 2013 - Harneys is closely monitoring the evolving situation in Cyprus. Naturally we have, over the past few days, been assisting those of our clients who have accounts in Cyprus or corporate structures which involve...more

Cyprus: Developments following Eurogroup Meeting

by Pavlos Aristodemou | Harney Westwood & Riegels on 3/19/2013

Update - Further to our briefing below kindly note that the draft bill for haircut on deposits was rejected by the House of Representatives. Harneys is monitoring the developments. On 15 March 2013 the representatives...more

The Final Geithner Tally: TARP Bailout Pays Big Dividends For Taxpayers

by Susanne Klaric | Orrick - Securities Litigation and Regulatory... on 1/23/2013

As U.S. Secretary of Treasury Timothy Geithner steps down, Treasury released a January 18, 2012 update on the Troubled Asset Relief Program (“TARP”). This most recent update highlights an often misunderstood reality —...more

Spanish Bailout Dilemma Gets More Acute

by Michael Diaz Jr. - Diaz Reus International... on 11/30/2012

Despite the best efforts of the Spanish people and Prime Minister Mariano Rajoy, the European Union will almost certainly need to bail out yet another struggling member state. This time it is Spain, the fourth largest economy...more

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