In The News

Hong Kong to Join SPAC Frenzy

The Race to the Bottom

27 Apr 2021

Morrison & Foerster partner and global chair of the firm’s private equity group Marcia Ellis was quoted in a recent article “Hong Kong to Join SPAC Frenzy” published by University of Denver student-faculty law blog The Race to the Bottom.

With several tycoons setting up and working on SPACs, sponsors may be required to have a successful track record of money management to pursue SPACs in the Asian market. “Hong Kong and Singapore undertake a qualitative review of whether a candidate is suitable to be listed as they focus on shareholder protection,” Marcia said. She believed that “if there are too many safeguards in place, that decreases the advantages of a listing compared to a traditional IPO and that will dampen the appetite of sponsors and SPAC targets.”

Read the full article.



Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.