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A&O Shearman

Is life returning to the private equity exit market?

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Following a period in which financial sponsors have struggled to realize an acceptable prices for their assets, signs point towards a brighter outlook for 2025. At the start of 2024 private equity firms were hoping that...more

White & Case LLP

Analysing the growth of Private Credit in the Middle East: A Comparative Study against the UK position

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Following the successful completion of a number of key private-credit transactions across the Middle East in 2024 (including the recent transaction White & Case acted on for Property Finder, named "Impact Deal of the Year" at...more

Baker Botts L.L.P.

The English Court of Appeal Confirms Sovereign Immunity is No Defence to ICSID Award Enforcement

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In a significant recent decision in Infrastructure Services v Spain; Border Timbers v Zimbabwe, arising out of two separate English proceedings seeking the recognition and enforcement of ICSID arbitration awards rendered...more

Latham & Watkins LLP

The Stars Align - FCA’s PISCES Proposals to Build on Private Market Practices

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The FCA is approaching its design of the world’s first regulated private/public crossover market with a “private plus” rather than a “public minus” mindset. On 17 December 2024, the FCA launched a consultation on its...more

Skadden, Arps, Slate, Meagher & Flom LLP

CMA’s Growth Agenda: UK Competition Authority May Loosen Position on Merger Remedies

The United Kingdom’s Competition and Markets Authority (CMA) will, in the new year, launch a review of its approach to merger remedies which could lead to a shift away from its long-standing preference for structural...more

IR Global

US dollar firms as Fed official warns December rate cut is not guaranteed

IR Global on

Pound (GBP) steady as BoE’s Mann warns of high inflation Trade in the pound (GBP) was mostly positive on Wednesday, as it drew support from comments by Bank of England (BoE) policymaker Catherine Mann....more

A&O Shearman

UK energy: the new National Future System Operator and Clean Power 2030

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The new UK Government has taken several recent steps in its mission to achieve security of supply of affordable clean energy. We discuss its autumn flurry of energy and infrastructure related announcements in our article New...more

A&O Shearman

New UK Government bets big on energy and infrastructure

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UK energy and infrastructure developments have been coming thick and fast as the new Government gets its feet under the table. With the Autumn Budget headlining a flurry of announcements on energy and infrastructure policy...more

A&O Shearman

UK Securitisation (Amendment) (No. 2) Regulations 2024 Published

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The Securitisation (Amendment) (No. 2) Regulations 2024 were published on legislation.gov.uk, alongside an explanatory memorandum. At present, U.K. investors in U.K. - or EU-origin Simple, Transparent, and Standardised...more

Walkers

The Benefits of Guernsey and Jersey companies for UK and US listings

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There is a growing trend for large UK-based companies to consider exploring listings on US stock exchanges such as the New York Stock Exchange (NYSE) and NASDAQ, potentially at the expense of the London Stock Exchange plc...more

Walkers

Advantages of Jersey and Guernsey companies as UK Qualified Asset Holding Companies (QAHCs)

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On 1 April 2022, the UK introduced a new tax advantaged corporate structure, a "qualifying asset holding company" ("QAHC"), which benefits from a number of UK tax breaks. A crucial requirement for QAHC eligibility is that...more

Hogan Lovells

Later Living - perspectives from the UK and Europe

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An earlier version of the article appeared in Estates Gazette. Given the trend towards an ageing population across Europe and beyond, later living is one of the hottest sectors for real estate investors, with many investors...more

Wilson Sonsini Goodrich & Rosati

“It’s Not About How Much Stock You Have; It’s About How Much Copper Wire You Can Get Out of the Building With”: Founder Exits...

The founders and exec team are a critical component of an early-stage company’s business value. In a previous article, we provided detailed guidance on the comparison of U.S. and UK market practices in relation to equity...more

A&O Shearman

International Organization of Securities Commissions Publishes Roadmap to Enhance Retail Investor Online Safety

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The International Organization of Securities Commissions has launched a new roadmap for retail investor online safety. The strategic initiative aims to safeguard retail investors worldwide from fraud, excessive risk, and...more

White & Case LLP

Battery energy storage systems: a complex but promising route to clean-energy transition

White & Case LLP on

For investors, excitement in the renewable energy landscape is palpable. Renewable energy capacity is being added to the world's energy systems at the fastest rate in two decades, prompting the International Energy Agency to...more

A&O Shearman

HM Treasury Publishes Consumer Composite Investments (Designated Activities) Regulations 2024

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The Regulations: (i) replace assimilated law in relation to the Packaged Retail and Insurance-based Investment Products Regulation, establishing a new legislative framework for the regulation of Consumer Composite...more

A&O Shearman

UK High Court Finds London Capital & Finance Plc to be a Ponzi Scheme

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The U.K. High Court has handed down judgement in the civil case of London Capital & Finance Plc (in administration) and others v Michael Andrew Thomson and others [2024] EWHC 2894 (Ch). London Capital & Finance was an...more

Skadden, Arps, Slate, Meagher & Flom LLP

How Long Is Too Long? Activists Continue To Target Director Tenure

U.S. activism remained elevated through the third quarter of 2024, with board refreshment a consistent demand by activists year after year. Central to the activists’ demands for board refreshment is director tenure....more

A&O Shearman

UK public M&A – return of share-for-share offers

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In 2024 we have seen a significant increase in listed corporate bidders offering their equity to target company shareholders in UK public M&A deals, including on offers made by non-UK listed companies. In the year to date,...more

BCLP

Autumn Budget 2024: Key Takeaways for the UK’s Energy Sector - Part One

BCLP on

The UK's new Labour Government’s first Budget has revealed key measures, aiming to support the UK’s transition into cleaner energy. Whilst many changes are largely positive for the renewable sector, the Budget does highlight...more

Mayer Brown

English High Court Clarifies Scope of FSMA Securities Litigation

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A recent decision of the High Court in a strike out application in securities class action litigation has clarified the scope of  s90A and Schedule 10A of the Financial Services and Markets Act 2000 ("FSMA") regarding...more

Skadden, Arps, Slate, Meagher & Flom LLP

The India-UAE Bilateral Investment Treaty: A Step in the Right Direction?

I. INDIA’S HISTORY WITH BILATERAL INVESTMENT TREATIES 1. Bilateral investment treaties (“BITs”) are agreements between countries that provide protections to investors from one state investing in the other (the “host...more

McDermott Will & Emery

Post Expo Real and the UK Budget – UK Real Estate to Survive or Thrive in 2025?

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Having taken time to reflect on the mood and sentiment at Expo Real 2024 among clients, contacts, and European real estate partners at McDermott, the general outlook within the Messe could be best described as one of cautious...more

Orrick, Herrington & Sutcliffe LLP

Founder Series: Managing Investment Control Risk in the UK

Orrick's Founder Series offers monthly top tips for UK startups on key considerations at each stage of their lifecycle, from incorporating a company through to possible exit strategies. The Series is written by members of our...more

McDermott Will & Emery

Private Markets Update | Summer 2024

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The Private Markets Update highlights key developments emerging from private markets across Europe, the UK and the United States, exploring the cross-border issues that matter to investors and sponsors in alternative assets. ...more

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