With 2023 marking a significant global market slowdown, many IPO candidates have suspended or postponed their plan. Only six initial public offerings (IPOs) have been successful in France in 2023, raising a total of about...more
The past 12 months have not been the best for European IPO activity, with EMEA IPO proceeds (including SPACs) falling 24 percent year-on-year to US$22.19 billion. After a challenging year when IPO appetite was impacted...more
Activist shareholders had a busy 2023: The incidence of activist campaigns in Europe soared by almost 70% compared to 2022, according to data compiled by Skadden and Activistmonitor. As we described in a previous issue of The...more
This edition of the Conyers Bermuda Public Companies Update summarises significant transactions involving Bermuda companies listed on the New York Stock Exchange and Nasdaq in the second half of 2023. Global Market Update...more
Decisive inorganic growth decisions by London Stock Exchange, Deutsche Börse, Nasdaq and Euronext set a furious pace for European trading venue M&A activity....more
European SPAC IPO issuance has slowed materially over the first six months of 2022. EU SPACs raised US$1.78 billion in H1 2022, down from the US$5.11 billion secured over the same period last year. EU de-SPAC deal value...more
UK & European Financial Services M&A: Sector trends H2 2021 | H1 2022 — Stock Exchanges/Trading Venues - Europe's FMI goes digital—data analytics, capital markets solutions, RegTech and DLT-based tech acquisitions feed the...more
As part of our five year anniversary celebrations of our law firm opening in Bermuda, we put together the original version of this summary report highlighting the latest developments and trends in the Bermuda legal and...more
European SPAC IPO issuance totalled US$8.56 billion in 2021, with the market generating record levels of activity as momentum from the red-hot US SPAC scene carried into Europe. Record SPAC IPO issuance supported buoyant...more
The global stock index provider Morgan Stanley Capital International (MSCI), one of the largest stock index providers in the world, announced recently that it opened a consultancy process with regard to Israel’s possible...more
The summer vacation period through August saw no new IPOs from European SPAC sponsors, but the market for De-SPAC deals involving European targets remained active. European assets continue to attract interest from US SPAC...more
Financial institutions M&A sector trends: stock exchanges/trading venues — H1 2021 and outlook for H2 2021 - Global FMI juggernauts snatch up fund platforms, trading venues and data analytics providers, under the...more
On April 21, 2021, the German federal parliament passed a new law that amends the German Real Estate Transfer Tax (RETT) Act. The new rules will lead to a significant tightening of the taxation of share deals whenever real...more
Special purpose acquisition companies (SPACs), also referred to as “blank check” companies, have reached record numbers in the United States, with 242 SPACs conducting an initial public offering (IPO) on either NYSE or Nasdaq...more
Eine Arbeitsgruppe der Koalitionsparteien hat sich u.a. auf eine Frauen-Mindestbesetzung für Vorstände von Aktiengesellschaften geeinigt. Ein entsprechender Kabinettsbeschluss wird nach der Ressortabstimmung sowie der Länder-...more
Financial Institutions M&A sector trends: Stock exchanges/clearing houses/trading venues — H1 2020 and outlook for H2 2020. Clash of the pan-European titans—-M&A plans signalled by LSE, Euronext and Deutsche Börse...more
A number of regulators across the globe responded to recent market volatility by introducing temporary short selling bans and/or market restrictions. Such bans have since expired as of 18 May 2020. Other regulators (including...more
In November 2019, Euronext announced the launch of its Euronext Green Bonds Offering across its six regulated markets in Amsterdam, Brussels, Dublin, Lisbon, Oslo and Paris. The Green Bonds Offering was the first product...more
Financial institutions M&A sector trends: stock exchanges/clearing houses — H1 2019 and outlook for H2 2019. CURRENT MARKET - Upward. WE ARE SEEING - Inorganic expansion by larger exchanges: Horizontally (e.g.,...more
Real Estate Horizons is a snapshot of key legal topics and market trends across the globe. This post higlights the importance of IP rights in this sector. With property developments increasingly focusing on experience and...more
The European Securities and Markets Authority has announced that it will publish two new data completeness indicators for trading venues, detailing how venues are performing on the delivery of Double Volume Cap and bond...more
The European Commission has adopted an Implementing Decision declaring the two Swiss stock exchanges equivalent for the purpose of the shares trading obligation under the Markets in Financial Instruments Regulation. MiFIR...more
From 3 January 2018 all legal entities (no matter where they are based or incorporated) involved in buying, selling or issuing financial instruments on EU regulated markets, multilateral trading facilities or organised...more
On 1 March 2017, Deutsche Börse AG, the operator of the Frankfurt Stock Exchange, launched Scale, a new market segment for small and medium-sized enterprises ("SMEs"). Scale replaces Deutsche Börse's former market segment...more
Welcome to the Hogan Lovells Global Payments Newsletter. In this monthly publication we provide an overview of the most recent payments, regulatory and market developments from major jurisdictions around the world as well as...more