Publications

When the senior becomes the junior - debt-to-equity swaps in listed companies and how they are done (or not done)

The panel explored the complexities of debt-to-equity swaps as a financial restructuring tool and its success and limitations in enhancing a debtor's balance sheet by converting lenders’ claims into equity securities in several jurisdictions.

Released on Dec 12, 2024

Cross-border lending to Italian borrowers by non-authorised non-EU banks and reverse solicitation

This article delves into the foundational elements of reverse solicitation, exploring its regulatory basis and implications in the Italian context, as well as its alignment with evolving EU standards.

Released on Dec 11, 2024

India’s space start-up revolution: how national space policy is paving the way for innovation and growth

India’s space start-up ecosystem has witnessed remarkable growth over the past decade, with the number of space startups increasing from a mere one in 2014 to 189 in 2023, according to the Department for Promotion of Industry and Internal Trade’s Startup India portal. The surge in interest is evident, with Indian space startups attracting US$124.7m worth of investments in 2023 alone. This dynamic growth has been significantly influenced by the national Space Policy 2023, which provides a structured framework for the registration and regulation of space objects.

Released on Dec 11, 2024

The emerging space-related private sector in Japan and the legal framework: background and recent updates on space policy

Japan has made significant progress in carving out a place for itself within space business, accelerated by the new initiatives undertaken by the government regarding its space policy. This has entailed recent (and upcoming) updates to the relevant legal framework in order to prepare Japanese actors for participation in new types of space-related activities, including on-orbit services, moon exploration and sub-orbital flights

Released on Dec 11, 2024