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ARTICLE · 10 AUGUST 2021

SPAC To The Future - Part II

Collas Crill
Collas Crill
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Collas Crill

Collas Crill

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From 10 August 2021, the long awaited changes to the UKLA Listing Rules will come into force, bringing the LSE into line with the SPAC model which has become so popular on the US markets.

GuernseyCorporate/Commercial Law
Simon Heggs
Simon Heggs
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From 10 August 2021, the long awaited changes to the United Kingdom Listing Association (UKLA) Listing Rules will come into force, bringing the London Stock Exchange (LSE) into line with the special purpose acquisition company (SPAC) model which has become so popular on the US markets.

As we have seen with the US model, the tax flexibility provided by offshore tax neutral companies (typically established in the Cayman Islands) have been a key component to SPAC structuring.

With the Channel Islands boasting more companies listed on LSE than any other finance centre outside of the UK, Guernsey and Jersey companies are the natural fit in replicating the US model for listing SPACs on LSE.

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