The UK private placement market—starting 2015 on a high note

Table of contents

• Speed read
• Removal of barriers
• Growth of a pan-European private placement market
• What is a private placement?
• What is the significance of the announcement of a withholding tax exemption?
• The issue
• Government’s response
• What has led to the development of private placement documentation by the LMA?
• Are we seeing the development of a pan-European private placement market in 2015?

Article summary

Banking & Finance analysis: Why has the UK private placement market started the year on a high note? Sophy Lewin, financing support lawyer at Slaughter and May, considers the UK government’s recently proposed withholding tax exemption for qualifying private placements, and the Loan Market Association’s (LMA) new suite of private placement documentation, and looks at why these latest developments are also positive signs for the pan-European private placement market in 2015.