To print this article, all you need is to be registered or login on Mondaq.com. The Full Court of the Federal Court of Australia (FCAFC) allowed an appeal from Australia’s second shareholder class action, Crowley v Worley Limited [2022] FCAFC 33, and remitted the case back to a single judge for determination, which may give…
To print this article, all you need is to be registered or login on Mondaq.com. Synopsis The ESOP (Employee Stock Ownership Plan) universe is misunderstood by many and has not been heavily pursued by the private equity (PE) community due to its perceived all-or-nothing ownership structure. In fact, it is entirely possible for private equity…
To print this article, all you need is to be registered or login on Mondaq.com. Introduction Since the inception of Walkers’ Global Fintech Group in 2017, the virtual assets and blockchain sectors have grown materially and become increasingly sophisticated. In response to the demand from our clients we have worked on a wide…
On the 27 January 2022, in ‘SIA’ Zinatnes parks ‘v Finanau ministrija’, the Court of Justice of the European Union (the ”CJEU”) delivered a ruling which clarified the concepts of ‘undertaking in difficulty’ and ‘subscribed share capital’ in the context of state aid and the Commission Regulation (EU) No 651/2014, the General Block Exemption Regulation…
In August 2021, the Financial Conduct Authority (FCA) brought in changes to the Listing Rules which were aimed at making London a more hospitable listing venue for new special purpose acquisition companies (SPACs). The impetus for doing so was to allow London to participate in the undoubted SPAC ‘boom’, which had at that point been…
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On 1 June 2022, the French Presidency published its “final” compromise text in relation to the revision to the EU Alternative Investment Fund Managers Directive1 (known as “AIFMD2”). According to this latest AIFMD2 Proposal, the following requirements would apply: Definition of “loan origination” Importantly, the compromise proposal includes a definition of “loan origination” being the…
On May 31, 2022, amendments to Alberta’s Business Corporations Act (the ABCA) (formerly Bill 84) were proclaimed into force. The amendments make significant changes to the ABCA, with the intention of modernizing the ABCA to attract investment and to retain business in Alberta. The amendments to the ABCA include changes to plan arrangement provisions…
In the first video of our IPO essentials series, Kevin Morris and Leah Frank of our Capital Markets group highlight what business leaders should be thinking about in leading up to an IPO, including: structuring considerations; due diligence; financial statements; and management and resources. Watch the next…
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To print this article, all you need is to be registered or login on Mondaq.com. Asia is now home to more than a quarter of the world’s 2,754 billionaires and this portion is predicted to rise to one-third by 2023, according to Wealth-X’s 2021 Billionaire Census. This wealth eruption has generated a spate of direct…
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To print this article, all you need is to be registered or login on Mondaq.com. The Companies (Amendment) Act, 2021 [ Act LX of 2021]amending certain aspects of the Companies Act (the “Act”). Salient features introduced / amended by the Act Information required to be included in the Memorandum of Association By way of a…
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