UK Looks Determined To Grab A Larger Share Of SPACs
Law360 (March 17, 2021, 7:45 PM EDT) -- A U.K. proposal to relax listing rules for special purpose acquisition companies is unlikely to threaten the U.S.' dominance in that market, but experts say implementation could boost a dormant British market struggling to invite domestic or European-focused SPACs.
Britain is stepping up efforts to attract SPACs, part of a broader project of making its capital markets more competitive in a post-Brexit world. A proposal generated by the U.K.'s Treasury department spells out perceived impediments that market participants want removed so Britain can retain more SPACs. The U.K. fears it is falling behind not only the U.S., where such acquisition vehicles...
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