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Syed Rahman assesses the UK’s chances of attracting special purpose acquisition companies (SPACs)

Author: Syedur Rahman  25 January 2022

The Financial Conduct Authority (FCA) changed its rules last year to try and lure some of the SPAC (special purpose acquisition company) activity to these shores. Yet, so far, the UK has only seen one SPAC.

With this in mind, Syed Rahman wrote an article, which featured on Global Banking and Finance Review, that considered the likelihood of the UK becoming a centre for SPAC-related investment.

His piece details the rising popularity of SPACs and examines the effect of the changes that the FCA introduced. Syed explains that while SPACs are currently scarce in the UK, there was never likely to be an immediate rush of activity.

The article outlines why London may now be seen as a more attractive location for SPACs than other financial centres – and why it would be premature to say that the SPAC bubble has burst before the UK became involved.

There is, Syed argues, little to indicate that SPACs activity will not come to the UK. But, he adds, it may be some time before it arrives, and before it is possible to gauge just how popular the UK can become for those looking to be involved in such investment.

Syed's article can be read in full on Global Banking and Finance Review.

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Syedur Rahman is known for his in-depth experience of serious fraud, white-collar crime and serious crime cases, as well as his expertise in worldwide asset tracing and recovery, international arbitration, civil recovery, cryptocurrency and high-stakes commercial disputes.

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