Photo of Craig R. Nethercott

Craig Nethercott is a partner in the Finance Department and is Co-Chair of the Global Islamic Finance Practice. Mr. Nethercott has experience in project finance, banking, capital markets, and Islamic finance. Mr. Nethercott has advised on transactions in Europe, the Middle East, Africa, and Asia. He co-edited and contributed to the treatise “Islamic Finance: Law and Practice” published in March 2012 by the Oxford University Press.

The Japanese Financial Services Agency has issued a document (see Taxation of J-Sukuk Q&A) highlighting reforms to Japanese tax laws implemented in 2011 that facilitate the issuance of sukuk by Japanese companies (J-Sukuk).

Following these reforms, distributions paid on J-Sukuk benefit from the same favourable withholding tax treatment as interest or coupons paid on corporate bonds issued by Japanese companies. In addition, if certain conditions are fulfilled, transfers and re-transfers of real estate that constitute the assets referenced in

Islamic Finance: Law and Practice, co-edited by Latham partner Craig Nethercott, was recently published by Oxford University Press (click here to view). Nethercott, global co-head of Latham’s Islamic finance practice and one of the editors of Al-Mirsal, also is a contributor to the volume, along with co-editor David Eisenberg of White & Case.

The book is the most comprehensive and practical guide to Islamic finance transactions, and includes detailed discussion and analysis of the negotiation and structure of

In a session on “Current Trends in Islamic Finance” at the In-House Counsel Congress today in Kuala Lumpur, Latham partners Bryant Edwards and Craig Nethercott discussed the opportunities for Shari’ah compliant debt issuance in the United States capital markets.

“US capital markets remain the deepest capital markets and investors in these markets are increasingly interested in chasing yield, including Shari’ah debt yield, from quality issuers,” commented Edwards, chair of Latham’s Middle East Practice. Nethercott, co-chair the firm’s global Islamic Finance

In February, Greece launched its sovereign debt swap, pursuant to which holders of EUR 206 billion of its bonds were invited to swap their existing holdings for a package of instruments with a nominal value of just 46.5 per cent. of the par value of their current bonds. This invitation for voluntary participation in the debt swap is backed by the threat of a retroactive collective action clause, enacted by the Greek parliament shortly before the launch of the invitation