Slaughter and May

This Practice Note outlines the UK’s rules to counteract hybrid and other mismatches, also referred to as the anti-hybrid rules. These rules, counteracting deduction/non-inclusion and double deduction mismatches, are found in Part 6A of the Taxation (International and Other Provisions) Act 2010. They replaced the arbitrage (also referred to as the anti-arbitrage) rules with effect from 1 January 2017. This Practice Note was produced in partnership with Dominic Robertson of Slaughter and May.

Produced in partnership with Chris McGaffin and James Ufland of Slaughter and May. This Practice Note focuses on the key aspects of open offers and the matters that require consideration when an open offer is being carried out by a company admitted to listing on the official list of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange (LSE), or admitted to trading on AIM.

Produced in partnership with Chris Mc Gaffin of Slaughter and May. This Practice Note focuses on the key legal considerations when a rights issue is being carried out by a company either admitted to listing on the official list of the Financial Conduct Authority (FCA) and to trading on the main market for listed securities of the London Stock Exchange (LSE) (Main Market) or admitted to trading on AIM, a market operated by the LSE.

Produced in partnership with Chris McGaffin and James Ufland of Slaughter and May. This Practice Note looks at the underwriting of an offer of shares by a public limited company, including how an underwriting is documented, the company's power to pay the underwriter's commission, sub-underwriting and standby underwriting.