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Transitioning Away from LIBOR:  A Constantly Shifting Landscape | Quinn Emanuel Urquhart & Sullivan, LLP

I. What’s the issue? The London Interbank Offered Rate (“LIBOR”) is the most widely used interest rate benchmark in the world, referenced in some $373 trillion notional value of financial transactions of all types.  But in light of the various price-fixing scandals surrounding LIBOR and the limited activity in the London interbank market, the U.K. Financial Conduct Authority (“FCA”) announced in 2017 that it will no longer sustain the publication of LIBOR as a reference rate by the ...
New York United States United Kingdom City Of State Of New York Quinn Emanuel Urquhart Sullivan

Travel News - Centre invites financial bids for Air India to complete sale by September

Centre invites financial bids for Air India to complete sale by September The Centre is set to invite financial bids for Air India as it looks to complete the sale of the troubled national carrier by September, reports The Telegraph. After its assessment of the preliminary bids, the government has placed all the financial and operational details of Air India (virtual data room) for due diligence before the bidders, which include the Tatas and a consortium led by ...
Pawan Ruia Hardeep Singh Puri Ai Asset Holdings Ltd Air India Air India Express Indian Airlines

Property confidence stages remarkable comeback

Date Time Property confidence stages remarkable comeback The latest results from the ANZ/Property Council Survey reveal surging confidence levels in Queensland’s property sector, despite the slower than anticipated return of workers to major business precincts. Property industry sentiment in Queensland bounced from 124 points in the December 2020 quarter, to 144 index points in the March 2021 quarter. The result shows that industry confidence has nearly tripled since the height of the COVID p...
Chris Mountford Property Council Brisbane City Council Property Council Data Room Property Council Queensland Property Council Survey

Air India sale: Tata Sons, Ajay Singh invited to submit financial bids

April 13, 2021 Interested players given access to data room; bidding process to end by Sept Tata group and Ajay Singh, the promoter of SpiceJet, have been invited to place a financial bid for Air India once they complete their review of the airline’s data room. “The access to data room has been given to interested players and once that process is over they will be asked to submit financial bids,” said a top official adding “The entire process is expected to be completed by September�...
Hardeep Singh Puri Ajay Singh Air India Airport Services Private Limited Ai Express Ltd Services Private Limited

Iconic Aussie snack could be sold

QLD_CM_BIZ_PEPSICO_18NOV19 Business by Gerard Cockburn 17th Mar 2021 3:07 PM Global drinks giant PepsiCo is rumoured to be flirting with the idea of selling off its Australian snack business that includes brands such as Smiths Chips and Nobbys nuts. The Australians Data Room has reported the major drinks producer is looking to place its local snacks assets on the market for a potential new buyer. It has been reported PepsiCo h...
Kohlberg Kravis Roberts Sodastream International Smith Snackfood Company Campbell Soup Company Data Room Smith Chips

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