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SPACs in the UK – the new listing rules and their potential impact on deal activity and claims trends

The rationale for this change is to provide protection to investors at a stage when there is still limited public information available.

Using provisional liquidation offshore to preserve bondholder claims under keepwell deeds (Japanese) An example of preserving the rights of corporate creditors based on keepwell deeds using offshore provisional liquidation

An important element of Keepwell Deed is that the Chinese parent company undertakes obligations to its subsidiaries.

Coronavirus updates for UK employers

This option raises some data protection and privacy issues and the Government makes it clear in its guidance to employers that they must adhere to data protection legislation.

Conduct risk frameworks: adapting to change

Indeed, Nikhil Rathi’s recent speech on transforming the FCA to being a more proactive and forward looking regulator warned that “firms should expect us to be even more rigorous on upholding high standards – especially on governance, con

The French Competition Authority aligns its method of calculating fines with the European Commission

Inflationary effect on future fines

Billions to be saved from centralising government procurement, says Maude

There is much to gain in moving to a centralised approach for procurement for a buyer like central government.

China's central bank vows to maintain tight cryptocurrency regulation

The bank claimed that its monetary policy would be flexible, targeted, reasonable and appropriate.

European Green Deal

The “Fit for 55 Package”

South Africa’s AI patent approval could trigger innovation and abuse

South Africa has approved the first patent that identifies an AI as its inventor. It could unlock a new era of invention – and of intellectual property abuses.

Isabel dos Santos ordered to return to Angola $500 million in shares ‘tainted by illegality’

An international tribunal ruled that the billionaire and her late husband corruptly obtained a lucrative stake from the state oil company Sonangol.

The regulation of competition in UK digital markets is changing

The government is proposing to place the work of the DMU on a statutory footing and its consultation considers the powers the body should have when carrying out its functions.

French Law Commission recommends revamp of anti-corruption laws

This was because HATVP is independent from the executive and has more budgetary and functional autonomy than the AFA.

German court rules on the right to access under the GDPR

This means that it includes internal documents and correspondence with or about this person.

UK proposes new tax regime for fund asset holding companies

The government issued a second consultation on the proposals in December and has now set out the plans for reform in draft legislation, a policy paper and a consultation response document.

Hong Kong court set to show how tough China security law can be

A long sentence for Tong would raise fears that courts in the financial hub will strictly interpret the security law, which outlaws secession, subversion, terrorism and colluding with foreign forces.

European Commision Replies On SDFR Priority Issues

The European Commission's confirmation that SFDR does apply to these Non-EU AIFMs cannot come as a surprise

Special purpose acquisition companies: FCA confirms more flexible approach to listing

The consultation followed the UK Listing Review, which had noted that this presumption of suspension is a significant deterrent to the growth of the SPAC market in the UK.

FCA’s regulatory decision-making proposals – faster and less costly, but at what price?

As is the case with statutory notices currently made under Executive Procedures, the FCA will permit (and not disclose to the subject of the notice) communications between staff recommending that action be taken,

China's crackdown: a credit perspective

We believe that it is important to acknowledge that China’s version of capitalism and opening up of capital markets will look very different to the models in the West.

UK: Green light for appeal of abuse of process ruling in mass tort claim

The rule’s parameters are fully discussed in the Court of Appeal’s judgment

Government Regulation