Current market trends The recovery of the Spanish economy consolidated in 2016, with a significant number of venture capital deals, including the sale of the VC backed e-commerce giant Privalia to Vente Privee. In general terms, the Spanish entrepreneurial ecosystem has grown with the incorporation of very promising start-ups that...

The compliance culture continues its expansion, meaning that companies that wish to implement and maintain culture of integrity require standardised procedures that demonstrate their commitment to fulfil the legal requirements that apply to them. In the current global business environment, the compliance with the legality by the companies must be...

On 20 May 2017, the text of Directive 2017/828, amending Directive 2007/36/EC, of the European Parliament and of the Council of 11 July 2007, as regards the encouragement of long-term shareholder engagement has been published. We analyse the main developments. The European Institutions agreed to undertake the review of Directive...

Whilst MiFID II does not change the categories of client, nor the various monetary thresholds and experience levels that eligible counterparties and professional clients are required to meet, there have been some fundamental changes to how municipalities and local public authorities are able to be classified. From 3 January 2018...

International legal practice Osborne Clarke has advised The Adecco Group on the acquisition of CMAST, a fast growing consultancy and project management company servicing the Life Sciences & Healthcare sector headquartered in Belgium. As extensive expertise and complete, functional service models are more important than ever for service companies, The...

The legal impact of Brexit on corporate transactions is likely to be less acute than in some other areas. Nevertheless, we do anticipate the following areas being affected: Private M&A General M&A activity is highly sensitive to business uncertainty. That said, since the Brexit vote, market activity has been extremely...

The conclusions reached by the Directorate-General for Taxation in its response of 20 April 2017 to a binding consultation are relevant when negotiating and drawing up housing rental agreements where the lessor is an individual (or, as with the case in question, it is a conjugal property), the lessee is...

The UK government has set out a timetable for a new law which will require overseas entities that own UK property or bid for UK public procurement contracts to disclose details of their beneficial owners on a public register. The government claims this is the first register of its kind...

Current market trends By a number of measures, private equity transactions hit a post-financial crisis high in the UK in 2017. An abundance of dry powder and more relaxed debt terms from lenders, combined with the rates at which private equity sponsors are able to raise bonds and loans reaching...

When considering the state of the global VC market, we often use the US as a benchmark (or perhaps the most active market) in order to provide an indication of trends: whether general investment activity or specific legal terms popular amongst the most prolific institutional investors. Many of the Q4/Annual...