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January 14, 2021
In 2020, the COVID-19 pandemic taught the world another lesson about the unpredictability of life. Each country responded to the challenges posed by the pandemic in its own way. The German Government in its familiar technocratic and sober approach quickly unlocked massive financial resources to mitigate any immediate economic damage. It supported a further relaxation of the purse strings at EU level and put legislative acts in place that helped manage the uncertainty in the most affected industries for now. Hit by a second wave of the pandemic in an unexpectedly hard way, Germany is now left wondering whether the country really was smart in the spring or just lucky. The new year 2021 will provide the answer to this question.
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Our Distressed Debt & Claims Trading Team discusses how the updates to the Loan Market Association’s Terms and Conditions incorporate European bail-in rules after Brexit.
In conjunction with Brexit becoming effective on January 1, 2021, the Loan Market Association (LMA) updated its Standard Terms and Conditions for Par and Distressed Trade Transactions (Bank Debt/Claims). LMA bank debt trades occurring on or after January 1, 2021 will now be explicitly subject to European bail-in legislation, which gives European regulators the power to modify liabilities owed by certain failing European financial institutions of the UK and Member States of the EU. These regulations include supranational rules, such as Article 55 of the European Union’s Directive 2014/59/EU, as well as national-level regulations of the UK, Iceland, Norway, and Liechtenstein. Broadly, Article 55 requires certain financial institutions of Member States
Bengaluru (Karnataka) [India], December 21(ANI/NewsVoir): The world has woken up to a new innovation, proudly Made In Inida - Urb.Ox Smart Sensible Oxygen Generator!! Inspired by the Atmanirbhar Bharat campaign, a group of women entrepreneurs from Urb.Ox India belonging to the JSLR Wellness Group have come together to manufacture this unique first-of-its-kind product based on years of intense research. And, with VIYONA Pharmaceuticals as Associate Partner for marketing in USA, Canada, UK, Europe, and Belize; Urb.Ox Smart Sensible Oxygen Generator is all set to become a global success!. KM Srinivasan Murthy (Vaidehi Medical College Director), Vanitha Patel (MD of Urb.Ox), B V Gopal Reddy (President FKCCI Bangalore) and Vineela (MD of VIYONA Pharmaceuticals) were present among the others.
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L-R: B V Gopal Reddy (President FKCCI Bangalore), KM Srinivasan Murthy (Vaidehi Medical College Director), Vanitha Patel (MD of Urb.Ox) & Vineela (MD of VIYONA Pharmaceuticals)
VIYONA Pharmaceuticals to Market Urb.Ox Smart Sensible Oxygen Generator in USA, Canada, UK, Europe, and Belize ANI | Updated: Dec 21, 2020 17:35 IST
Bengaluru (Karnataka) [India], December 21(ANI/NewsVoir): The world has woken up to a new innovation, proudly Made In Inida - Urb.Ox Smart Sensible Oxygen Generator!! Inspired by the Atmanirbhar Bharat campaign, a group of women entrepreneurs from Urb.Ox India belonging to the JSLR Wellness Group have come together to manufacture this unique first-of-its-kind product based on years of intense research. And, with VIYONA Pharmaceuticals as Associate Partner for marketing in USA, Canada, UK, Europe, and Belize; Urb.Ox Smart Sensible Oxygen Generator is all set to become a global success!. KM Srinivas