Through an initial public offering, listing either in its home jurisdiction or cross-border, a renewable energy company can access major global finance hubs and capital from a deep pool of investors around the world. An IPO can help a company raise its profile with customers, suppliers and the media, as well as providing it with an opportunity to improve internal systems and controls, and increase the general operating efficiency of the business as it prepares to comply with the relevant regulatory scheme for public companies.
Our new report, The Future of Capital Raising in Biotech and Pharma, explores the changing landscape of how biotech and pharma companies are financing their growth, trends in the market and the biggest changes in the sector over recent years.
In addition to the traditional (corporate and/or securities-based) ratings commonly obtained by an issuer in connection with an international debt offering, corporates may now avail themselves of a new metric – the ESG rating. To date, there is no consensus on how ESG ratings, which assess a company’s ESG performance, are derived or what they reflect.
As more corporate bonds are issued linked to ESG ratings, these ratings will become more material, and a consensus around how ESG ratings should be disclosed and regulated will directly impact their reliability.
The business models of financial institutions are changing: how services are delivered, the ways in which they can earn revenue and the search for new ways to monetize value. COVID-19 has accelerated the take-up of digital transformation due to the need to conduct more business remotely through digital channels. Simultaneously, customers have shown a greater willingness to use technologies in which previously they may have lacked confidence.
Read our ninth installment focused on the impact of new technology on financial institutions.
Rapid business transformation across the globe and shifting international policy are driving significant changes to organizations’ tax exposure, financial resilience, strategy and management. These factors are shaping how companies across every sector approach the future of tax dispute resolution.
Our latest report draws on an independent survey of 1,200 tax leaders in 10 jurisdictions and across six sectors conducted in late 2021 and insights from our tax disputes and international tax teams.
Join us for a brief webinar on 1 March 2022 to hear from our experts on the latest sanctions measures introduced against Russia and certain parts of Ukraine. We are well-positioned in all relevant jurisdictions to help you understand and respond to the various sanctions measures. Our panel will comprise of Baker McKenzie trade and sanctions attorneys from Ukraine, Russia, the United States, the United Kingdom, the European Union, Canada, Japan, Australia and Switzerland. The panel will summarise the key measures and propose key practical take-aways for businesses to focus on.
On 4 February 2022, the OECD published the draft model rules for two of the building blocks of Amount A under Pillar One, namely Nexus and Revenue Sourcing. This is the first extensive publication on Pillar One since the political agreement on the Two-Pillar Solution in the form of the joint statement from the Inclusive Framework dated 8 October 2021. The draft model rules enable an MNE group in scope of Amount A (i.e., global turnover above EUR 20 billion (or local equivalent) and profitability above 10%, subject to some exceptions; hereafter referred to as a “Covered Group”) to determine its so-called market jurisdictions to which part of the Covered Group’s residual profits will be allocated.
In the not too distant past, many were convinced that Artificial Intelligence or Machine Learning would not substantially change the practice of law. The legal profession was considered to be requiring specialist skills and nuanced judgment that only humans could provide and would therefore be immune to the disruptive changes brought about by the digital transformation. However, the application of ML technology in the legal sector is now increasingly mainstream, particularly as a tool to save time for lawyers and provide a richer analysis of ever-larger datasets to aid legal decision-making in judicial systems throughout the world.
Digital transformation is here to stay. Cloud services and the use of data are accelerating and DT programs evolving as businesses adapt to the current pandemic and position themselves to remain competitive. Data remains a crucial asset in the digital economy with its collection, storage, location, analysis and protection all critical to success. The latest Baker McKenzie Digital Transformation & Cloud Survey provides compelling insights on digital transformation trends.
This 30-minute webinar hosted by Baker McKenzie cyber experts Paul Glass in London and Cyrus Vance in New York, on Tuesday 22 February 2022, will discuss the cyber-related risks to businesses from this ever evolving situation related to Russia-Ukraine, and how they can prepare today to mitigate risks.