12/02/2021
Mayer Brown advised LBO France on the acquisition of a majority stake in ID Market and Sourcidys
ID Market and Sourcidys are leading BtoB and BtoC distributors of home & garden products in France.
Legal, Regulation & Compliance
12/01/2021
Offshore SPACs Listing on the London Stock Exchange
The Hambro Perks SPAC is a Guernsey company. Companies formed in Guernsey, Jersey, the Cayman Islands, the BVI and Bermuda (“Offshore”) all have similar benefits making them attractive as SPACs for listing on the LSE, which are summarised in t
12/01/2021
Financial Regulation: Daily Update
Under the new proposals the minimum fee would increase from £1,151 to £2,200. In addition, the FCA is proposing changes to the calculation of consumer credit firm fees to bring them more into line with other firm fees.
12/01/2021
Launch of Digital Regulation Cooperation Forum technology horizon scanning programme
the ICO’s Regulatory Sandbox, Innovation Hub and wider technology programme
12/01/2021
Important update for owners of French property: changes to succession law in France
This may have involved making an election in your Will to have the law of your nationality apply to your estate.
12/01/2021
Eversheds Sutherland launches SQE Academy
A new route to legal qualification
12/01/2021
Carey Olsen advises on first London SPAC under new listing rules
The proceeds will be used to acquire a controlling stake in a business operating in the technology-enabled sector in the UK, EEA or Switzerland.
11/30/2021
EC agreed position on MiCA and DORA and EC/EP reached political agreement on DLT Pilot Scheme on 24 November 2021
The European Central Bank published its opinion on MiCA in February 2021.
11/30/2021
Financial Service & Banking News
This includes changes to the FCA Handbook
11/30/2021
Financial Regulation: Daily Update
The new rules aim to protect consumers against excessive charges by introducing a fee cap.
11/30/2021
FCA: Mortgage Prisoner Review
The FCA’s Mortgage Prisoner Review has been laid before Parliament.
11/30/2021
FCA set to nearly double minimum fee to £2,200
The fee increase would better reflect the costs associated with the authorisation and supervision of 51,000 firms throughout the UK.
11/30/2021
Deferral of the SFDR RTS – No time for a break for financial market participants
Accordingly, the EU Commission has announced yesterday that it will defer the application of the SFDR RTS to 1 January 2023.
11/30/2021
European Commission publishes proposed amendments to the Alternative Investment Fund Managers Directive
The Commission acknowledges that the AIFMD has generally worked well in terms of introducing a harmonized, supervisory framework for alternative investment fund managers.
11/29/2021
EU parliament prepares for vote on Digital Markets Act
The DMA, drafted by the European Commission in December 2020, faced lengthy delays while MEPs on the Committee on the Internal Market and Consumer Protection (IMCO) scrutinised its wording.
11/29/2021
Linklaters advises the underwriters on the ABB of VGP
This transaction was a follow-up of VGP’s private placements of new and existing shares in April and September 2020, where the Linklaters team also acted as Underwriters’ Counsel.
11/29/2021
Government announces child trust fund changes
But if the account holder is not classed as legally able to manage their money they or their parents have been struggling to access the funds.
11/29/2021
Judgment handed down by High Court in first UK mid-market restructuring plan
Amicus Finance case establishes balance between realistic scrutiny of plans and fair outcome for creditors.
11/29/2021
Ireland tightens regulation of data centre grid connections
“Locating away from areas of high demand and constrained supply will undoubtedly be important for continued data centre growth in Ireland.
11/28/2021
Director duo banned for £800k ‘ethical water’ investment scam
A further £200,000 had been withdrawn from the company account over a two-year period, from 2018 and 2020, in cash.