State aid is dead. Long live state aid

The EU State aid regime The European Union is the only jurisdiction in the world which effectively operates a binding State aid control system. It is fair to claim that the project of a European Single Market, enshrined in Article 3 TEU, would not have achieved the remarkable current grade of economic integration without the […]

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Repopulating the Repo market

At the end of December 2016 the European Repo market experienced an unprecedented level of volatility and dislocation, raising worries over the stability of the whole European Money market. During the trading day of December 28th the repo-rate for specials of several ‘core’ government bonds (including Germany, France, Belgium, Netherland and Austria) tightened to record-low […]

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Worth the Wait: 2017 Year of the IPOs

Approaching the end of Q1, 2017 is set to be comeback time for initial public offerings (IPOs) worldwide. IPOs tend to cycle through “hot” and “cold” periods: when the economy is doing better, the market temperature rises, capital expenditure needs to increase and so firms tend to go public. 2016 turned out to be a […]

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