The SPACs phenomenon
Featured in our Offshore Report (April 2021)
The big story so far this year, and it’s continuing to expand outside the original US base, is SPACs,’ says Edward Mackereth, Ogier’s global managing partner. There is no doubt that SPACs – an acronym for special purpose acquisition companies – are indeed big news.
Although they have existed for decades on public markets, a tipping point occurred in 2019 when private equity firms began to use SPACs more often, creating an explosion of interest over the past 12 months in this relatively arcane financial instrument. Activity has been high both onshore and offshore.
June 2022 News
Law Commission proposals on corporate criminal liability
On 10 June 2022, the Law Commission published an options paper for the Government on how it can improve the law to ensure that corporations are effectively held to account for committing serious crimes. Tom McNeill and John Binns of the Financial Crime team at BCL Solicitors analyse the key points.