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In January 2007, in response to the Transparency Directive, the UK’s Financial Services and Markets Act 2000 (FSMA) was amended by the insertion of section 90A so as to introduce a statutory civil liability regime for untrue or misleading statements in all periodic disclosures made to the market by issuers of securities.

Credit bidding is a mechanism, enshrined in the US bankruptcy legislation, whereby a secured creditor can ‘bid' the amount of its secured debt, as consideration for the purchase ...

Bob Brassington outlines the options available to help keep a final salary scheme open.

If you have been served with a Statutory Demand from a creditor, you or your company may be at risk of being made bankrupt or wound up.

On 9 January 2024, the judgment was published for ClientEarth's application in December 2023 for permission to apply for judicial review of the Financial Conduct Authority's (FCA's)...

The Re Avanti case is the first significant judicial consideration of the issue since the House of Lords judgment in Re Spectrum in 2005.

On 12 February 2026, HM Treasury published a Consultation Paper on reforming the Appointed Representatives regime ("ARs" and the "AR Regime"). The Consultation Paper builds on the Policy Statement published by HM Treasury...

For each of the last three years both the global economy and equity markets have moved through short seasonal cycles, with a dip in economic data and market performance in the second quarter, followed by an upturn midway through the summer months.

In a move intended to ease the uncertainty surrounding the future role of LIBOR (the London Interbank Offered Rate), on September 28, 2012, Martin Wheatley of the United Kingdom’s Financial Services Authority (the FSA) offered a path to overhauling the benchmark interest rate.

The government has recommended that FTSE 100 companies should aim to have a minimum of 25 per cent. female representation on their boards of directors by 2015 but has stopped short of imposing quotas to enforce such measures.

Markets are juggling with a series of separate issues. In the UK the Monetary Policy Committee (MPC) has been under intense pressure to begin raising interest rates in order to restore their tarnished inflation fighting credentials.

At the start of June 2022, the prevailing rate for the sterling overnight index average (SONIA) was 0.94%. Just 12 months later, SONIA has risen to 4.43%...

The performance of financial markets provides information about where the world economy is going.

With fears that insolvencies are set to rise this year once Government support is withdrawn and businesses must ‘stand on their own two feet', it is important to understand what options...

A standalone moratorium, which is a temporary breathing space to corporate debtors, was introduced as part of the UK's 2020 corporate insolvency reforms.

The Association of British Insurers has recently issued new guidance on the extent of the general allotment authority (under s.80, Companies Act 1985) which it regards as acceptable for listed companies.

The majority of all 2023 EMEA restructurings involving an equitisation and/or a maturity extension required the provision of new money.