Insights

Pacte Commissoire

a provision contained in French law governed Collateral documents allowing the Secured Party to foreclose on pre-agreed terms without the need to obtain a court order or go through a Public Auction. Illegal until March 2006; very popular since then. Not available for every type of Collateral.

“Redressement Judiciaire”

French Insolvency proceedings of a company in a state of Cessation des Paiements for which reorganisation appears possible. These proceedings are very similar to a Sauvegarde (although they existed before the Sauvegarde was introduced into French law) and may also result in a Term-Out.

COBRA

highly venomous snakes including the Naja and Ophiophagus. Also the name of a military attack helicopter. What you should care about, however, is that COBRA was FINRA’s Corporate Offerings Business Regulatory Analysis system, which was the online system used to make FINRA filings. COBRA has now been replaced by the Public Offering System.

SDG Indicators

a collection of quantitative tools to measure how well UN Member Nations are progressing toward achieving the Sustainable Development Goals.

Share Placing

the sale of Shares to a number of Investors but not to the general public

1. (HKG) more commonly known as a Placing or Top-Up Placing, depending on the deal structure. The Shares are typically sold to institutional or professional Investors.