The European Market Infrastructure Regulation (EMIR) is designed to improve transparency, mitigate counterparty credit risk and increase the stability of the over-the-counter (OTC) derivative markets throughout the EU. EMIR applies to financial and non-financial counterparties to derivatives contracts in the EU, as well as to those trading outside the EU under certain circumstances.
The Maples Group provides both legal and operational support to fund managers in meeting the ongoing obligations of EMIR which introduces reporting and clearing obligations for OTC derivatives, measures for reducing counterparty credit risk and operational risk, rules for central counterparties (CCPs) and trade repositories and for establishing interoperability between CCPs. Our services include:
- Advising on the on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg or assisting in relation to the potential application of EMIR;
- Reviewing investment management agreements and trading agreements to ensure responsibility is properly assigned for obligations introduced by EMIR;
- Operations and technology solutions that maintain the relevant trade, position and collateral data and integrate with trade repositories and perform the requisite reporting and reconciliations required under EMIR.
LocationsBoston | Cayman Islands | Dubai | Dublin | Hong Kong | Luxembourg | Montreal | Singapore
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Maples and Calder, the Maples Group's law firm, was pleased to advise a buyer consortium, comprising Mr. Jinbo Yao (founder of 58.com Inc.), General Atlantic Service Company, L.P., Warburg Pincus Asia LLC and Ocean Link Asia Limited, on the take-private of 58.com Inc., a Cayman Islands company previously listed on the New York Stock Exchange (NYSE).
14 Oct 2020Read more
Maples and Calder, the Maples Group's law firm, is pleased to announce that it has been recognised once again at the IFLR Middle East Awards. The awards, which took place virtually this year, acknowledged the most influential corporate finance deals over the past 12 months.
14 Oct 2020Read more
Maples and Calder, the Maples Group's law firm, named the "Best Offshore Law Firm" at the Private Equity Wire US Awards 2020.
12 Oct 2020Read more
Maples and Calder, the Maples Group's law firm, was honoured to have been recognised at the annual Asia Legal Awards and the long-running ALB China Law Awards last month, winning a combined six awards and sweeping the offshore category at both events. This is the firm's third and seventh consecutive year winning "Offshore Law Firm of the Year" at the Asia Legal Awards and ALB China Law Awards respectively.
09 Oct 2020Read more
Maples and Calder, the Maples Group's law firm, advised Delta Air Lines and its indirect, wholly-owned subsidiary, SkyMiles IP Ltd., on the Cayman Islands legal aspects of both its recent US$3 billion term loan facility and its US$6 billion offering of senior secured notes.
01 Oct 2020Read more
Maples and Calder, the Maples Group’s law firm, was pleased to advise the 10.5% noteholder of the Seven Energy Group in relation to the 2019 Seven Energy debt restructuring. A complex and noteworthy matter, the transaction received recognition at the IFLR Sub-Saharan Africa Awards, winning Restructuring Deal of the Year 2020.
14 Sep 2020Read more