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by Leela|10 November 2021|Industry News
In the case of ADCADA Immobilien AG PCC in Konkurs v the Financial Market Authority (Finanzmarktaufsicht) (Case E-10/20) (“ADCADA”) the European Free Trade Association Court considered whether the offer of securities to the public through publicity on the offering firm’s website was made in accordance with the exemption to the requirement to produce a prospectus […]
Read moreby Leela|4 November 2021|Industry News
BACKGROUND On 15 September 2021, the Financial Conduct Authority (“FCA”) published a three-year consumer investment strategy plan (the “Strategy Plan”), in consideration of responses received in relation to its call for input focused on reducing harm in the consumer investment market, circulated a year ago. In this Strategy Plan, the FCA offered more details on […]
Read moreby Leela|19 October 2021|Industry News
The High Court dismissed an application (the “Application”) by former members of an LLP to strike out claims against them pursuant to section 6 of the Company Directors Disqualification Act 1986 (“CDDA”) in the case of Re Pottinger Private Limited [2021] EWHC 672 (Ch) (also known as Secretary of State for Business, Energy and Industrial Strategy […]
Read moreby Leela|14 October 2021|Industry News
The Institutional Limited Partners Association (“ILPA”) has recently released an ESG assessment framework (the “Framework”) to help limited partners (“LPs”) assess the ESG approach and integration adopted by fund managers. ILPA has commented that the Framework is designed to help LPs evaluate and benchmark general partners’ (“GPs”) responses to due diligence efforts, inform goal-setting conversations with GPs […]
Read moreby Leela|8 October 2021|Industry News
While it is indisputable that governing law clauses are important, this case law evidences how essential it is and what the court’s approach is in the event that no governing law clause is present.
Read moreby Emma Cleveland|8 October 2021|Industry News
Ever wonder what a Special Purpose Acquisition Company (SPAC) is and what are the regulatory requirements around setting one up? Take a look at our webinar to find out how you can use SPAC to raise capital.
Read moreby Leela|7 October 2021|Industry News
Cleveland & Co are delighted to be featured in the official History of Parliament Trust publication entitled ‘300 Years of Leadership and Innovation’, where we will be featured in the Women in Leadership chapter which includes innovative companies that are run by women, profiles of female professionals and organisations that champion “women in business”. The […]
Read moreby Leela|30 September 2021|Industry News
On 17 August 2021, a portfolio strategy letter (the “Letter”) was published by the Financial Conduct Authority (the “FCA”) for firms belonging to the investment-based crowdfunding (“IBCF”) market. The aim of the FCA’s Letter is to ensure that crowdfunding firms are promoting investment opportunities in an appropriate manner to assist consumers in gaining an understanding […]
Read moreby Leela|28 September 2021|Industry News
BACKGROUND On 5 July 2021, Edwin Schooling Latter, the Director of Markets and Wholesale Policy at the Financial Conduct Authority (the “FCA”) gave a speech on the transition from the London Interbank Offered Rate (“LIBOR”), which was first raised by Andrew Bailey four years ago. WHAT IS LIBOR? LIBOR is a benchmark interest rate used […]
Read moreby Leela|7 September 2021|Industry News
On 30 June 2021, the Financial Conduct Authority (the “FCA”) published its findings following a multi-firm review on host authorised fund managers (“AFMs”) who outsource investment management to external third parties. The FCA visited a selection of host AFMs between Q4 2019 to Q4 2020 with the aim to assess the effectiveness of the governance, […]
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