Alternative Acquisition Models and Financial Innovation: Special Purpose Acquisition Companies in Europe, and the Italian Legal Framework

The first book written in English on special purpose acquisition companies (SPACs) in the context of European and Italian financial law, introducing the topic with a general overview on the European stage and is a groundbreaking reference text for SPAC studies at the international level. It explores soft law and self-regulation instances against the state-based Westphalian approaches centred on hard law instances, describes practical examples of SPACs in Italy and Europe, and analyses the limits and perspectives of such investment vehicles on the Italian capital market as well as their possible uses as forms of shadow banking and venture companies at international levels.

Format: Hardback
Length: 163 pages
Publication date: 11 October 2023
Publisher: Taylor & Francis Ltd

This groundbreaking book is the first to be written in English on special purpose acquisition companies (SPACs) in the context of European and Italian financial law. It provides a comprehensive overview of the topic on the European stage, making it a valuable reference text for SPAC studies at the international level. The book also explores the European financial regulations of SPACs, which are a relatively new phenomenon in the financial landscape.

The book offers a comprehensive comparison of the international financial regulations of SPACs in the EU and UK with the main legal system where SPACs originated, the US. It examines whether the Alternative Investment Fund Managers Directive (AIFMD) or the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS) are applicable to SPACs and why. It also identifies the objectives of financial regulation of SPACs in the EU, US, and UK.

The edited collection explores the interplay between soft law and self-regulation instances against the state-based Westphalian approaches centered on hard law instances. It provides practical examples of SPACs in Italy and Europe, showcasing their potential uses as forms of shadow banking and venture companies. The book also analyses the limits and perspectives of SPACs on the Italian capital market and their potential as vehicles for international investment.

Overall, this groundbreaking book is a valuable resource for scholars, policymakers, and professionals interested in the field of SPACs and financial regulation. It sheds light on the emerging trends in the global financial landscape and provides insights into the legal and regulatory challenges associated with these innovative investment vehicles.

Weight: 444g
Dimension: 160 x 242 x 19 (mm)
ISBN-13: 9780367769314