Legal News

The U.S. Securities and Exchange Commission (SEC) proposed a new exemptive order on Wednesday, October 7, which would exempt certain “finders” from broker-dealer registration under Section 15(a) of the U.S. Securities Exchange Act of 1934 (the Exchange Act) that, if adopted, would provide a degree of clarity for intermediaries seeking to assist certain small and emerging private companies with capital formation. Please see full Publication below for more information....By: Hogan Lovells

Climate-related disclosures for asset managers and FCA-regulated pension schemes: FCA correspondence - Correspondence about climate-related disclosure requirements for asset managers and UK Financial Conduct Authority (FCA) regulated pension schemes, between Christopher Woolard, FCA Interim Chief Executive......By: Hogan Lovells

The long-awaited application of the European Union (EU) Regulation on a framework for the screening of foreign direct investment (FDI) in the EU started yesterday, 11 October 2020. It is still early days to anticipate how the EU rules will be implemented in practice by the member states and the European Commission, and what impact will lie ahead in national FDI vetting proceedings....By: Hogan Lovells

The allocation of risks arising from contaminated sites, irrespective of their location worldwide, is a frequent point of discussion in M&A transactions in the chemical industry. The economic risk is high (examination, decontamination, business interruption, liability to third parties)....By: Hogan Lovells

Draft Bearer Certificates (Collective Investment Schemes) Regulations 2020 - A draft version of the Bearer Certificates (Collective Investment Schemes) Regulations 2020 have been published, together with an explanatory memorandum....By: Hogan Lovells

Culture, purpose and governance in asset management sector: FCA speech - The FCA has published a speech by Marc Teasdale, Director of Wholesale Supervision, on the drivers of culture and the role of purpose and governance in the asset management sector....By: Hogan Lovells

In private equity secondary transactions, it is commonly assumed that UK stamp duty is not payable. However, in light of the latest HMRC consultation on modernising stamp duty on shares, the approach to dealing with stamp duty on secondaries may be due to change. Please see full Publication below for more information....By: Hogan Lovells

On 21 September 2020, the Federal Trade Commission (FTC) announced for comment sweeping changes to the Hart-Scott-Rodino (HSR) Act rules. First, the FTC proposed changing the definition of "person" to include HSR associates....By: Hogan Lovells

Beset by ongoing tariff wars, Brexit fallout, heightened sanctions, and other geopolitical tumult, global value chains now face a deeply uncertain trade environment....By: Hogan Lovells

Whilst the three previous articles in our series on planning reform have considered the main changes in the Planning White Paper, there are many more recent far-reaching proposals, both in the Planning White Paper and elsewhere....By: Hogan Lovells