On Monday, European Commission President Ursula von der Leyen and a number of world leaders are launching a massive fundraising endeavor to raise money for tests, medicines and a vaccine for the coronavirus. Only one major country is missing in the effort.

A government study said it had injected a total of 168.7 trillion won (US$150.8 billion) since the 1997 Asian financial crisis as part of an effort to clean up insolvent financial services firms and has only recouped 115 trillion won as of the end of the second quarter of this year. This is the recovery ratio of 68.3 percent in 20 years' time. Even though it looks good in appearance, there is a big difference from that of the U.S. government. The U.S. government had spent $426.4 billion for...

The escalation of the COVID-19 outbreak has resulted in many businesses being unable to perform their contractual obligations to their customers, whether by being unable to perform at all, or finding that they are having to delay performance signifi...

Background The ongoing coronavirus pandemic is a public health crisis which has quickly developed into a deep economic crisis. Many businesses, particularly those in the retail, leisure and hospitality sectors, are facing a complete and indefinite c...

Listed companies and recapitalisation issuances The FCA has announced a series of measures aimed to assist companies in raising additional capital in response to the Coronavirus crisis, whilst at the same time aiming to retain appropriate protection...

Background On 16 October 2019 the Department for Transport (“DfT”) issued its “Rail Network Enhancements Pipeline Update” for Autumn 2019 (the “Enhancements Pipeline Update”). A copy of the Enhancements Pipeline U...

  On 30 April 2020, the Competition and Markets Authority (“CMA”) released a statement on consumer protection law in relation to cancellations and refund complaints. The coronavirus outbreak has seen a significant increase in consum...

State recapitalisation aid to companies in the Covid 19 crisis 1. Overview | within a very short time, the German legislator passed a law to establish an Economic Stabilization Fund (ESF) | the aim is to stabilize the companies in the real economy a...

On 20th April, the UK Government announced a £500m “Future Fund”, as part of its package of measures to support businesses in response to the coronavirus.  What is the Future Fund? The Future Fund is being set up with the aim ...

(MENAFN - Jordan News Agency) Amman, May 9 (Petra)-Ambassador / Head of the European Union Delegation in Jordan, Maria Hadjitheodosiou, said the EU wi... ......

The World Bank approved a $400 million grant on Friday to help Afghanistan deal with the coronavirus while maintaining economic and public finance reforms. The grant will support efforts to improve business regulation and encourage private investment, improve taxation capacity and expand social inclusion, among others. It is made up of $160 million from the International Development...

Sanderson Limited v Simtom Food Products Limited [2019] EWHC 442 (TCC) Summary Whatever the sector, IT transformation can deliver superior services, development of dynamic business models, increased customer satisfaction, returns and cost savings. ...

Introduction Given the evolving picture on COVID-19 and its impact on the UK economy there are a number of points which property fund managers should be considering in light of the FCA’s recent statements specifically on the virus and their p...

Introduction In the wake of the Coronavirus outbreak, and the restrictions imposed to curb its spread, there has been significant market disruption.  As has been seen in some real estate funds, there may therefore be difficulties for fund manag...

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On 30 March, the Luxembourg Government published a new draft law (the Draft Law) which looks set to increase the Luxembourg tax burden for transactions realised with enterprises based in jurisdictions on the EU’s list of “non-cooperative...

Our client briefing, “The final AIFMD cross-border fund distribution package: mapping the changes” published on 22 July 2019, provided a summary of the main changes introduced by Regulation (EU) 2019/1156 on facilitating cross-border d...

The petition demanded that the funds be directly transferred to Palestinian workers and needy families.

The United States has reached a settlement to recover more than US$49 million involving Malaysian sovereign wealth fund 1MDB, the US Department of Justice said.The government of former Malaysian prime minister Najib Razak set up the 1MDB fund in 2009 to promote economic development.The US justice department has estimated more than US$4.5 billion was siphoned out of Malaysia by high-level fund officials and their associates between 2009 and 2014 in a scandal that has also embroiled Goldman Sachs…

As Asia’s rich contemplate where to place their nest eggs, most have overwhelmingly chosen Singapore over rival international financial centre Hong Kong so far this year, according to the region’s largest wealth manager.High-net-worth individuals have mainly instructed their private bankers at UBS to place new money in Singapore rather than Hong Kong, said Edmund Koh, the Swiss bank’s president in the Asia-Pacific region. Last year, the region’s high-net-worth individuals opened more new…

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Grant agreements outline the terms of an agreement for a grant. This document dated 7 May 2020 is provided for the ADB project 54229-001 in Fiji.

The Philippines’ Department of Health (DOH), with support from ADB, has set up a new laboratory in Pampanga province, north of the capital Manila. It will significantly increase the government’s testing capacity for COVID-19...

The Philippines’ Department of Health (DOH), with support from ADB, has set up a new laboratory in Pampanga province, north of the capital Manila. It will significantly increase the government’s testing capacity for COVID-19...

ONGOING EVALUATION. : This evaluation will assess the performance of the Regional Cooperation and Integration Fund (RCIF) against its establishment objectives and provide recommendations for its future directions.

ONGOING EVALUATION. This evaluation will assess whether the Climate Change Fund (CCF) has been successful in facilitating greater investments in member countries to address climate change and provide recommendations for future directions of the fund. 

BANGALORE: Global private equity funds more than doubled their investment in India’s real estate sector in the quarter to March as they foresee an improvement in economy leading to stable long-term yields, according to a report by brokerage Cushman & Wakefield. PE funds invested Rs 2,800 crore in the country’s commercial and residential real estate during the period, a 145% jump over the year-ago quarter, the report said. “This is the highest quarterly private equity investment since Q2 of 2009 by private equity funds in the realty sector, driven by huge investment in commercial real estate and steady fund raising by developers in the residential asset class,” it said. Sanjay […]

Bangalore/Mumbai: HDFC Property Fund, the private equity arm of Housing Development Finance Corp. Ltd, has raised $250 million (around `1,500 crore today) through an offshore fund. It hopes to raise another $150 million by the end of the year, said a person directly familiar with the development who did not want to be named. On Friday, HDFC Property Fund informed the BSE that it had raised the capital through its second international fund, saying “the recently closed fund will focus on investing primarily in residential property developments in major cities across India”. The cumulative assets under management now exceed $1 billion, the statement added. The new fund, which started raising […]

Capitedge India Investment Advisory, a realty fund and asset management firm floated by six former members of Indian realty team of American banking giant Wells Fargo, is coming out with a residential properties-focused fund in India. This would mark its first fresh fundraising exercise after floating an independent investment advisory firm, which is also managing the remaining assets of Wells Fargo after it shut operations in the country last year. While the founding partners are closely associated in operations, Hiral Soni is driving the domestic fundraise and investment strategy, as per the company website. She was previously with Marvel Realtors and had later also set up a boutique investment banking […]

STAMFORD, CT – November 7, 2019 – HARMAN – a wholly-owned subsidiary of Samsung Electronics Co., Ltd., focused on connected technologies for automotive, consumer and enterprise markets, together with the 1,000 Dreams Fund (1DF), today announced the...

If you're struggling to understand the mysteries of quantum physics and relativity, you need all the help you can get – even borrowing Buddhist mysticism, shows a new book

The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging U.S. technology companies.

Investors sent record inflows to high-yield corporate bonds and broke a six-week losing streak for investment-grade debt in the week that ended Wednesday as market volatility from the coronavirus...

Some U.S. fund managers are attempting what seems like an impossible task: making bets on the stocks and bonds of energy companies at a time when oil futures have sunk to historic lows and a swelling...