Since 5 August 2009, the German Debenture Act (Gesetz ueber Schuldverschreibungen aus Gesamtemissionen (Schuldverschreibungs-gesetz-SchVG)) provides for the appointment of a common, or joint, representative (Gemeinsamer Vertreter) to act as an intermediary between bondholders and issuers on all new debt issuances which are subject to German law. The purpose of the Act is to facilitate interaction between issuers and their bondholders.
Recognising the changing needs of the market, Deutsche Bank says it is leveraging its expertise in the provision of trustee and paying agent services for international bond and note issues to offer independent third party common representative services on German debt issues. Staff providing the service will be based in Frankfurt and London and speak both German and English.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.