Market Supervisory Authority (FINMA) has approved SIX Exchange Regulation AG and BX Swiss AG to act as Prospectus Offices as from June 1st, 2020. Their appointment represents a major step in the implementation of the new Swiss prospectus regime. As a consequence, the new Swiss prospectus requirements will be mandatory and offering as well as listing prospectuses will generally require approval by one of the Prospectus Offices as from December 1st, 2020. This newsletter outlines the regulatory implications and proceedings of the new statutory prospectus review.
Switzerland harbours many sectors of the life sciences industry. Swiss research, development and production are well known in all corners of the planet. Switzerland is home to world leaders and is the origin of many groundbreaking ideas turned into successful start-ups, some set to become top players within a generation. The Federal Institutes of Technology […]
On 5 May 2020, all but four EU Member States have signed an agreement to terminate their intra-EU bilateral investment treaties. What are the consequences for the protection of EU investments? How does this agreement affect pending arbitration proceedings? And how should investors react in order to ensure adequate protection?
The Q&A gives a high level overview of key issues including corporate entities and acquisition methods, preliminary agreements, main documents, warranties and indemnities, acquisition financing, signing and closing, tax, employees, pensions, competition and environmental issues.
The existing emergency loan scheme for businesses facing liquidity issues as a consequence of the Covid-19 pandemic is tied to annual turnover (with one limited exception). Given that many start-ups only generate little or no revenue during their first years of operation, they have effectively been excluded from meaningful relief under the scheme.
Contents A transatlantic future The US influence on the European market The rise of the non-bank lenders The patchwork of Europe The political impact Case Study: Financing Bain’s Acquisition of Kantar from WPP Team structure Conclusion: what next? Key takeaways The convergence of documentary terms, investors and commercial approaches across the European and US loan […]
The European Commission has issued a recent update on the Fifth Anti-Money Laundering Directive (MLD5). We examine what the MLD5 entails and outline the next steps to be taken.
In this webinar, Karen Killalea discusses the key considerations for employers as they look to re-open, and re-invent their workplaces for the new normal.
Watch Claire Burrows (Regulatory) and Charlotte Smith (Employment) present a webinar on ‘The Future World of Work: Life After Lockdown’.
The compensation order regime Compensation orders aim to make directors financially accountable for the consequences of their unfit conduct. They were introduced in October 2015 by the Small Business, Enterprise and Employment Act 2015 which amended the Company Directors Disqualification Act 1986 (CDDA). Under the new regime, the Insolvency Service can apply to court (on […]
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A group of barristers across the country and a number of City firms have signed up to assist individuals arrested at Black Lives Matter protests, which emerged this week following the death of George Floyd. In the midst of a pandemic, the US has found itself at the epicentre of a race row after a […]
The general counsel of GE Power has left the company after almost two decades in the in-house legal team of its European division.
Herbert Smith Freehills (HSF) is anticipating a long-term switch to virtual meetings, with the firm’s new CEO expecting online sessions to form a large part of the firm’s ‘new normal’. Justin D’Agostino, who replaced Mark Rigotti in May, has told The Lawyer that he expects all the firm’s leadership teams to continue with virtual working […]
Quinn Emanuel Urquhart & Sullivan has failed in its attempt to secure pre-action disclosure on behalf of Carillion, as it looks to bring a claim against its former auditors at KPMG. During a judgment handed down on Wednesday, Mr Justice Jacobs deemed it inappropriate for the court to order pre-action disclosure, stating that the “efficient […]
A top Scottish silk has joined 4 Pump Court, as he expands his practice to include matters in England and Wales. Axiom Chambers’ Roddy Dunlop QC is joining 4 Pump Court but will continue to practice in Scotland through Axiom Chambers. Dunlop was instructed by the UK Government last year, in a judicial review over […]
Dechert has started the process of opening some of its offices in Europe, while also giving its staff globally an extra day of annual leave. The extra day off has been billed by the firm as a “day to thrive”, with many firms and businesses impressing it upon their staff to use up holiday now […]