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Key definition
Equity definition

What does Equity mean? In corporate finance practice, equity means the risk-bearing capital provided by a company’s owners, usually through ordinary shares, as distinct from debt finance. Equity holders have the residual interest in profits and assets: returns are by dividend or capital growth, and they rank behind all creditors on insolvency. Equity commonly carries voting and control rights and is subject to company law capital maintenance and distribution rules (for example, dividends only out of distributable profits and statutory pre-emption on new share issues unless disapplied). It is central to capital structure, M&A, venture capital and private equity transactions. Practitioners also describe certain...

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Corporate law and regulation—UK and EU developments timeline for 2014 (archived)

Practice notes
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ARCHIVED: This archived Practice Note outlined key legal developments anticipated to affect corporate solicitors during 2014. It has not been updated since 2014. For new legal developments from January 2018 and beyond see Practice Note: Corporate horizon scanning—2018 and beyond.

  • 2014
  • January 2014
  • February 2014
  • March 2014
  • April 2014
  • May 2014
  • June 2014
  • July 2014
  • August 2014
  • September 2014
  • October 2014
  • November 2014
  • December 2014

January 2014

9 January 2014 — Equity capital markets—NEX Exchange. End of the Grace period for issuers to comply with certain Rules in the amended NEX Exchange Rules for Issuers. In the first half of 2013, NEX Exchange consulted on proposed changes to the framework of the NEX Exchange Growth Market, including amendments to the NEX Exchange Rules for Issuers and the NEX Exchange Corporate Advisers Handbook. On 9 July 2013, the amended Rules and Handbook were issued. Some of the amended Rules, including Rule 69 on board composition and Rule 75 on maintaining a website for specified information, included grace periods. Consultation: Proposed amendments to the ISDX rules for issuers, the corporate adviser handbook and...

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