In The News

SPAC闯关全球监管

Caixin Magazine

16 Aug 2021

Morrison & Foerster partner and global chair of the Private Equity Group, Marcia Ellis, is quoted in a Chinese article, “SPAC闯关全球监管,” published by Caixin Magazine on August 16, 2021.

The article provides an overview of the current SPAC market and the future development of SPACs in relation to the new SEC guidance, SPAC-related shareholder litigation, and Asia-based SPACs. According to Marcia, if Singapore and Hong Kong markets open up to SPAC listing, there is going to be a considerable amount of risk related to the uncertainty because nobody knows how investors will react. “It's very difficult to address the challenge of the risk-reward balance because the fundamental issue with the Singapore and the Hong Kong legal regimes is the lack of class action shareholder litigation. Without class action shareholder litigation, effectively, public shareholders have no remedy,” Marcia said. 

Close
Feedback

Disclaimer

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.