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 ...
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...
Since 2023, the UK government has been engaging with the cryptoasset industry as part of its efforts to develop a regulatory regime for cryptoasset activities and services. In late April ...
Davis Polk partner and Europe practice head Will Pearce, partner Gordon Milne and counsel William Tong authored “What latest VC model document revisions offer UK investors” in Law360....
Following a review involving its legal committee and experts from the venture capital and legal community, the British Private Equity and Venture Capital Association has recently updated ...
The Takeover Panel is narrowing the scope of companies subject to the Takeover Code. The amendments will refocus the application of the Code on companies registered in the UK, the Channel...
Davis Polk partner and Europe practice head Will Pearce and partner and Mergers & Acquisitions co-chair Louis Goldberg are contributing editors of Lexology’s Panoramic: Private M&A 2025...
Davis Polk partner and Europe practice head Will Pearce, partner Gordon Milne and counsel William Tong authored “Achieving a successful exit through an auction process in today’s mark...
On April 24, 2024, the Takeover Panel published consultation PCP 2024/1, in which it proposes to narrow the scope of companies to which the Takeover Code applies. The proposed amendments ...
