Rule 21 of the Takeover Code regulates the actions a target can and cannot take in order to ensure offers or possible offers for it are not frustrated. In keeping with its practice of rev...
On 16 October 2023, the UK government announced the withdrawal of draft corporate reporting regulations that were expected to introduce new corporate reporting obligations under the Compa...
Reforming the capital markets and regulatory framework to strengthen the UK’s position as a leading financial centre is a priority of the current government. In the last two years, ther...
Davis Polk partners Will Pearce and Louis Goldberg are delighted to be contributing editors of the updated edition of Lexology Getting the Deal Through: Private M&A 2024, a comprehensive ...
On 19 July 2023, the UK government laid draft corporate reporting regulations before Parliament. If approved, the regulations will amend Part 15 of the Companies Act 2006 to introduce new...
In July 2023, the UK government published a revised and near-final draft statutory instrument setting out a new regulatory framework for public offers of securities and admission to tradi...
In the UK today, the Financial Reporting Council has published a thematic review assessing the quality and maturity of climate-related metrics and targets disclosures.
On 29 June 2023, the Financial Services and Markets Act 2023 received royal assent. It represents one of the most important pieces of legislation for the United Kingdom’s financial serv...
On 10 July 2023, the UK’s Digitisation Taskforce published its interim recommendations on the eradication of paper-based processes in the UK securities settlement infrastructure.
On 12 July 2023, the European Commission (EC) fined Illumina €432 million for closing its acquisition of GRAIL without prior EC approval. Representing 10% of Illumina’s global revenue...
