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Sub practice
Sub practice

High Yield

Our high yield team has been involved in the European market since its inception.

Our lawyers have led many of the deals that have shaped and continue to influence the direction of the European high yield market, including working on some of the biggest and most prestigious deals to come to the market since the beginning of 2000.

We combine our high yield practice with our market-leading practices in banking and leveraged finance and debt capital markets. Our High Yield team also works closely with our corporate, restructuring and private equity groups. We believe this makes us one of the very few law firms that has the ability to cover all aspects of complicated leveraged finance high yield transactions and crossover and emerging markets high yield transactions.

Our combined bank/bond team can service all requirements in relation to high yield debt offerings, senior, second-lien, mezzanine and PIK debt, bridge-to-bond financings, bank/bond financings, securitisation take-outs, debt buy-backs and restructurings.

Our high yield and European debt capital markets practices integrate to cover crossover and emerging market credits. These deals can be governed by New York law indentures or English law trust deeds and/or executed following the eurobond or U.S. style offering paradigms.

News & insights

Publications: 27 JANUARY 2020

Updated Equator Principles Finalized

Updated Equator Principles with stronger standards and a broader scope were finalized in November 2019 and are set to come into effect in July 2020. 

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Multi coloured abstract graphic

Publications: 20 JANUARY 2020

Brexit Podcast: The Brexit transition period - Business as usual for mainstream debt capital issuance for now

Unlike our previous Brexit podcast which focused on points relevant to a no-deal exit, this podcast covers the impact of the UK leaving the EU on 31 January with a deal and a transition period.

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Singapore Legal Update - January 2020

Publications: 20 JANUARY 2020

MAS consultations on the regulation of digital payment tokens

The Monetary Authority of Singapore (MAS) has issued three new consultations each dealing with different aspects of the regulation of digital payment tokens (DPTs) under the Payment Services Act (PSA). It has also recently clarified that where a DPT may be characterized as either a debenture or as e-money, its policy approach will be to regulate it as e-money. Note that the PSA will come into force on 28 January 2020.

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Singapore company wound up in the U.S not allowed to block enforcement of charge over its shares

Publications: 20 JANUARY 2020

Singapore company wound up in the U.S not allowed to block enforcement of charge over its shares

In a recent case, the High Court had to consider whether to apply a moratorium to the enforcement of a share charge taken over the shares in a Singapore company where that company was subject to insolvency proceedings in the United States. It held that it had no basis to do so under section 259 of the Companies Act which renders void a transfer of shares in company made after the commencement of a winding up by the Singapore Court as that section did not apply to a foreign proceedings.

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Recognition