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UK Listing Rules reforms: Controlling shareholder regime and dual-class share rights

This is the last publication in a series of Allen & Overy publications on the FCA's Consultation Paper (CP23/31) setting out its detailed proposals for listing rules reforms as part of its Primary Markets Effectiveness...more

Risks in sustainability-related disclosures – reflections on landmark climate litigation actions in the English courts

Last year, we wrote about ClientEarth’s application to the High Court of England and Wales for permission to bring a judicial review claim, alleging that the UK Financial Conduct Authority (FCA) unlawfully approved the IPO...more

Equity Capital Markets in 2023: A year to be flexible, ready and creative

In 2022, Allen & Overy’s Equity Capital Markets practice was again involved in many high profile and significant ECM transactions around the world. Our standing in the market, and our role in the successes of our clients,...more

SPACs listings in Hong Kong – a comparison among different jurisdictions

On 17 December 2021, the Hong Kong Stock Exchange (HKEX) published consultation conclusions allowing the listing of Special Purpose Acquisition Companies (SPACs) in Hong Kong. This follows the publications of new rules on...more

Equity capital markets applying the lessons of 2019 to navigate the challenges of 2020

2019 was a challenging year for equity capital markets. Proceeds from IPOs fell by over 25% in the UK, and by more than 30% across Europe. A number of political and economic factors, which contributed to pricing uncertainty...more

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