Will 2021 be the year of special purpose acquisition companies (SPACs) in Luxembourg?

While SPACs have existed for decades on public markets, a revival seems to be taking place, with SPACs representing about 60 percent of IPOs in the US in 2020. February 2021 saw the launch of the first Luxembourg SPAC in more than 10 years, highlighting the potential for Luxembourg to become the European hub for this type of funding structure. The jurisdiction not only offers a flexible and tax efficient legal framework but also the ability to rely on the European passport mechanism set forth in the Prospectus Regulation.

Related briefings

Appealing civil judgments in Guernsey

This snapshot outlines the process and grounds upon which an appeal can be made in respect of a civil judgment by the Royal Court of Guernsey. It also mentions recent developments in appealing judgments of the Guernsey Court of Appeal to the Judicial Committee of the Privy Council.

Annual return reporting requirements for certain BVI licensees

The BVI Financial Services Commission (FSC) has introduced new annual return reporting requirements for certain categories of licensees, including trust companies, investment managers/ investment advisors and fund administrators.

I don’t need a will – do I?

Well that really depends on whether you are happy for your estate to pass in accordance with the law or in accordance with your own wishes – which may differ significantly!

Latest Briefings

Charity trustees legal and governance webinar update series

In recent years the Charity Commission has concentrated on its statutory objective to increase public trust and confidence in charities and many in the charity sector consider it has dwelt unduly on the negatives. However the Commission has four other objectives set out in the Charities Act 2011 and we now see more attention paid to promoting compliance by charity trustees with their legal obligations and the effective use of charitable resources.

Expedited trademark examination now available in Canada

On May 3, 2021, the Canadian Intellectual Property Office (CIPO) announced that it will begin accepting requests for expedited examination of trademark applications along with other new measures to reduce delays in examination.

Council wins appeal on sale of former school site

Last month the Supreme Court handed down its judgment in Rittson-Thomas v Oxfordshire County Council, concerning ‘section 2 reverter’ under the School Sites Act 1841. The judges unanimously allowed the appeal, finding in favour of the Council.

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