This week the Takeover Panel published amendments (RS 2025/1) to the Takeover Code in response to its consultation (PCP 2025/1) on the application of the rules to dual-class share structu...
On 26 August 2025, the Financial Conduct Authority approved the London Stock Exchange as the first operator of a PISCES. PISCES is the world’s first regulated private stock market that ...
Against the backdrop of increased global focus on climate-related disclosures, there have been several recent developments in the UK’s sustainability reporting landscape. These include ...
Davis Polk partner and Europe practice head Will Pearce, partner Gordon Milne and counsel Joe Scrace authored “What new UK stub equity rules will mean for PE bidders” in Law360. In th...
Since 2021, successive governments and regulators have focused on reform of the UK’s capital markets and regulatory framework to strengthen the UK’s position as a leading financial ce...
The Takeover Panel has published a new Practice Statement on unlisted share alternatives, commonly referred to as “stub equity” offers. This update summarises the key points from the ...
The UK Financial Conduct Authority recently published its final rules for the Private Intermittent Securities and Capital Exchange System, a new regulatory framework under which operators...
With changes to the scope of the Takeover Code taking effect today, this update recaps Takeover Code developments and key trends in UK takeover activity over the last 12 months.
Davis Polk partner and Europe practice head Will Pearce and counsel Simon Little and Joe Scrace authored “What UK Takeover Code’s narrowed focus will mean for companies” in Law360. ...
