November 30, 2021
In this podcast, Amanda Thomas, partner and Jennifer Cresswell, counsel in our International Capital Markets practice, share a short round-up of UK and EU prospectus and listing regulation developments post-Brexit, and what we expect to see in the near future.
With Brexit now nearly a year ago, the UK authorities are taking steps to move away from EU regulation that was onshored at the end of the transition period. A “summer of consultations” saw the UK authorities busy on various fronts. HM Treasury consulted on possible changes to the UK prospectus regime and the Financial Conduct Authority tackled the questions of listing and primary markets effectiveness, and will inevitably be involved in further UK prospectus-related developments down the track. With the European Commission also gearing up to report on the application of the EU Prospectus Regulation, it seems that the slew of consultations may turn 2022 into a year of divergence.
The Listing Act consultation referred to briefly in the podcast was published by the European Commission on 19 November, after the podcast was recorded. We will be reviewing the consultation ahead of its closing date of 11 February 2022.
November 22, 2021
Funds and asset management counsel, Kamar Jaffer is joined by Emmanuel Givanakis, Chief Executive Officer of the Financial Services Regulatory Authority at the ADGM. They discuss the role regulators can play in identifying and managing ESG factors within the Middle East.
Topics discussed in this podcast include:
ADGM’s approach to regulatory requirements in respect of ESG
- Regional and national policy options to reinforce best practices and grow green finance
- Key areas of focus from a regulatory perspective
- How ADGM are supporting ESG roadmaps nationally and internationally
- ADGM’s sustainability goals for harmonisation
This Great Fund Insights podcast will be of interest to sovereign wealth funds, institutional investors, family offices, fund managers and portfolio companies with a focus on the Middle East.
November 12, 2021
Driven by changing attitudes and economic priorities, Japan remains a powerful outbound investor and is becoming an increasingly popular destination for inbound transactions. Despite economic, social and political uncertainties, Japanese investment into the U.S., increasingly in the technology sector, is thriving. In this short podcast, our partners discuss the following key topics:
- The diversification of Japanese investments in the U.S., from the traditional manufacturing sector, into the technology and green energy spaces.
- How earn-outs are structured and why this makes a deal more attractive for both the Japanese buyer and the U.S. counterpart, but be warned – earn-outs are not without their risks and complications!
- How the Biden administration has affected the regulatory hurdles facing Japanese investors. Jumping these hurdles can be a time consuming task and Japanese companies must factor this in to their timelines. Over the past year, over 300 transactions, particularly in the computer manufacturing and software development spaces, were subject to CFIUS. The CFIUS risk profile of a target should be carefully considered by Japanese investors.
The podcast is moderated by Japan based partner Nick Wall, with discussion from New York based Dario de Martino and Japan based Tokutaka Ito.
November 9, 2021
This podcast series features topical conversations with leading figures in the global banking industry about current and emerging strategic issues facing banks.
In this first episode, financial services entrepreneur Nick Ogden, founder of ClearBank and WorldPay, talks to Richard Cranfield, senior advisor and former chairman of A&O’s global corporate practice, about innovation in banking, his new venture RTGS.global, a cross-border liquidity network, and what it takes to be a digital innovator.
Nick shares his thoughts on a range of issues including the role and impact of ‘atomic settlement’ on cross-border interbank payments, central bank digital currencies, the future of work and his personal approach to identifying opportunities for innovation and change.
This episode was recorded in August 2021
November 4, 2021
Corporate partner David Foster is joined by Iqbal Khan, Chief Executive Officer at Fajr Capital. They discuss the role private equity can play in identifying and managing ESG factors within the Middle East.
Topics discussed in this podcast include:
- Identifying and managing ESG factors within investment and portfolio management processes
- Examples of ESG factors in fund investments
- ESG and the post-investment phase
- Areas of convergence between Shari’a and ESG
- Outlook for ESG in the Middle East for the coming year and beyond