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Top related persons:
Ashurst - 2 Aly - 1 Sandra Chow - 1 Chow - 1 Kim - 1 Xie Yu - 1 Sumeet Chatterjee - 1 Fiona Philipp - 1
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Shanghai China HONG KONG Beijing Asia Pacific Hong Kong New York
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Thomson - 2 Shanghai Country Garden - 1 REUTERS - 1 HK - 1 London - 1 Barclays - 1 Wednesday - 1 Court - 1

Search resuls for: "Ashurst"


5 mentions found


☆ Cash-squeezed developer Country Garden faces another dollar coupon deadline
  + stars: | 2023-09-18 | by ( Xie Yu | ) www.reuters.com   time to read: +3 min
The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. A Country Garden spokesperson did not immediately respond to Reuters request for comment on Monday about its latest debt repayment obligation. Country Garden last month warned of default risks if its financial performance continues to deteriorate. Last week, onshore bondholders approved to extend repayments of seven other Country Garden bonds by three years. Many creditors believe that Country Garden will have to restructure its offshore debt if it doesn't get liquidity support soon.
Persons: Aly, Sandra Chow, Chow, Kim, Ashurst, Xie Yu, Sumeet Chatterjee Organizations: Shanghai Country Garden, REUTERS, HK, London, Thomson Locations: Shanghai, China, HONG KONG, Beijing, Asia, Pacific, Hong Kong, New York, Lincoln
☆ Barclays wins UK Supreme Court case over push payment fraud
  + stars: | 2023-07-12 | by ( Sam Tobin Kirstin Ridley | Sam Tobin | Kirstin Ridley | ) www.reuters.com   time to read: +2 min
Phillip alleged Barclays owed her a duty to ignore her instructions if the bank had reasonable grounds to suspect she was being defrauded. "Where the customer has authorised and instructed the bank to make a payment, the bank must carry out the instruction promptly," he said. "It is not for the bank to concern itself with the wisdom or risks of its customer's payment decisions." James Levy, a partner at law firm Ashurst, said the onus was on customers to ensure payment instructions were bona fide. The Supreme Court, however, allowed Philipp to pursue an alternative case against Barclays on the grounds that the bank breached its duty by failing to take adequate steps to recover the money transferred to the UAE.
Persons: Fiona Philipp, Phillip, George Leggatt, James Levy, Ashurst, Philipp, Sam Tobin, Kirstin Ridley, Louise Heavens, Barbara Lewis, Jane Merriman Organizations: Barclays, Wednesday, Court, United Arab Emirates, Payment Systems, Financial Services, UAE, Thomson Locations: fraudsters, UAE
☆ China's new rules for offshore listings spark concern about lengthy approval process
  + stars: | 2023-02-20 | by ( Scott Murdoch Samuel Shen Selena Li | Scott Murdoch | Samuel Shen | ) www.reuters.com   time to read: +4 min
SYDNEY/HONG KONG, Feb 20 (Reuters) - New rules laying out how Chinese companies can list outside mainland China will often mean getting a nod from several domestic government agencies, potentially making for a lengthy approval process, investment bankers say. On one hand, the rules provide clarity after a regulatory crackdown by Beijing since mid-2021 that has slowed U.S. listings by Chinese firms to a trickle. Those hoops, combined with U.S.-Sino tensions over a multitude of issues from suspected spy balloons to trade friction, means a rush of Chinese firms seeking initial public offerings in New York is unlikely. Last year, U.S. listings of Chinese firms were worth less than $230 million, according to Refinitiv data, a massive drop from $12.9 billion in 2021. "I don't think an overseas listing for the start-up would get the Chinese regulatory nod due to data security.
☆ Russia explores buying stranded jets from Western leasing firms
  + stars: | 2022-12-22 | by ( Gleb Stolyarov Carolyn Cohn Conor Humphries | Gleb Stolyarov | Carolyn Cohn | ) www.reuters.com   time to read: +5 min
Russian airlines continue to operate many of the jets, but some have struggled to secure replacement parts. AerCap (AER.N), SMBC Aviation Capital and Avolon, the world's largest lessors, declined to comment on whether they were involved in talks on payment for jets from Russian airlines or their insurers. RUSSIAN STATE FUNDSRussian state backing for the talks was demonstrated in an Aug. 30 letter from its Transport Ministry to 23 airlines. That was "considerably less than the aggregate Agreed Values" for the aircraft, SMBC said in the letter. But one Western finance official said any deal would face major legal and diplomatic hurdles and talks may be premature.
☆ UK financial watchdog proposes rules to stamp out 'greenwashing'
  + stars: | 2022-10-25 | by ( Huw Jones | ) www.reuters.com   time to read: +3 min
Trillions of dollars have flowed globally into investments touting their environmental, social and governance (ESG) credentials, but rules on what constitutes ESG are patchy. The market for UK-listed responsible investment funds grew 64% in 2021 to reach 79 billion pounds ($89.34 billion), the Financial Conduct Authority said. "Greenwashing misleads consumers and erodes trust in all ESG products," said Sacha Sadan, director of environment, social and governance at the FCA. "This places the UK at the forefront of sustainable investment internationally." It said it was stepping up checks on sustainable products and enhancing enforcement.
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