Publications

• International Banking and Financial Law: Securities lending in the age of PISCES
  25 October 2025
  International Banking and Financial Law
  Nicholas P. Pellicani
  ,
  Jeff Robins
  ,
  Vera Losonci
  ,
  Zhenya Lebedev
  ,
  Esther Stefanini
  ,
  Phoebe Brooke Steinfeld
• FCA Publishes New Framework for the UK Prospectus Regime
  25 July 2025
  Nicholas P. Pellicani
  ,
  Vera Losonci
  ,
  Gavin Benson
  ,
  Zhenya Lebedev
  ,
  Joseph Millard
• FCA Sets Out Final Rules for PISCES and Launches PISCES Sandbox
  17 June 2025
  Nicholas P. Pellicani
  ,
  Jennifer Wheater
  ,
  Vera Losonci
  ,
  Zhenya Lebedev
  ,
  Esther Stefanini
  ,
  Maayan G. Stein
• Section 16(b) Claim for OTC-Traded Security Dismissed Based on Impermissible Extraterritoriality
  30 May 2025
  Nicholas P. Pellicani
  ,
  Vera Losonci
  ,
  Esther Stefanini
  ,
  Maayan G. Stein
• UK Government Publishes New Regulations on PISCES
  20 May 2025
  Nicholas P. Pellicani
  ,
  Vera Losonci
  ,
  Zhenya Lebedev
• FCA Publishes Update on PISCES
  18 April 2025
  Nicholas P. Pellicani
  ,
  Vera Losonci
  ,
  Yiran Ji
  ,
  Zhenya Lebedev
  ,
  Toby Wenham Rogers
• FCA Publishes Consultation Paper on Further Changes to UK Listing Rules
  20 February 2025
  Nicholas P. Pellicani
  ,
  Vera Losonci
  ,
  Yiran Ji
  ,
  Zhenya Lebedev
  ,
  Esther Stefanini
  ,
  Toby Wenham Rogers
• An Insight Into Debt Liability Management Exercises of Non-U.S. Issuers
  19 February 2025
  Nicholas P. Pellicani
  ,
  Steven J. Slutzky
  ,
  Vera Losonci
  ,
  Andrew Hong
  ,
  Zhenya Lebedev
  ,
  Keith Stackhouse
  ,
  Maayan G. Stein
• 2025 International Capital Markets Outlook
  6 January 2025
  Nicholas P. Pellicani
  ,
  Paul M. Rodel
  ,
  Vera Losonci
  ,
  Zhenya Lebedev
  ,
  Esther Stefanini
  ,
  Maayan G. Stein
• FCA Publishes Consultation Paper on PISCES
  23 December 2024
  Nicholas P. Pellicani
  ,
  Vera Losonci
  ,
  Zhenya Lebedev
  ,
  Maayan G. Stein
• “Private IPOs”: Is PISCES the Future of Private Share Listings?
  21 November 2024
  Morgan J. Hayes
  ,
  Nicholas P. Pellicani
  ,
  Vera Losonci
  ,
  Zhenya Lebedev
  ,
  Maayan G. Stein
• FCA Publishes Consultation Paper on Admission to Trading Regime
  5 August 2024
  Nicholas P. Pellicani
  ,
  Vera Losonci
  ,
  Bethania Berhane
  ,
  Yiran Ji
  ,
  Zhenya Lebedev
  ,
  Toby Wenham Rogers
• FCA Publishes New UK Listing Rules
  16 July 2024
  Nicholas P. Pellicani
  ,
  Vera Losonci
  ,
  Yiran Ji
  ,
  Zhenya Lebedev
  ,
  Toby Wenham Rogers
• Dual Listing for Depositary Receipts
  18 June 2024
  Alan Kartashkin
  ,
  Nicholas P. Pellicani
  ,
  Vera Losonci
  ,
  Zhenya Lebedev
  ,
  Toby Wenham Rogers
• Global Trade Law Review: European Union Green Bonds Regulation
  9 May 2024
  Global Trade Law Review
  Nicholas P. Pellicani
  ,
  Vera Losonci
  ,
  John Young
• EU Green Bonds Regulation
  20 February 2024
  Nicholas P. Pellicani
  ,
  Vera Losonci
  ,
  John Young
• FRC Publishes 2024 UK Corporate Governance Code
  31 January 2024
  Dominic Blaxill
  ,
  Nicholas P. Pellicani
  ,
  Vera Losonci
  ,
  Yiran Ji
• 2024 International Capital Markets Outlook
  3 January 2024
  Alan Kartashkin
  ,
  Nicholas P. Pellicani
  ,
  Vera Losonci
  ,
  Gavin Benson
  ,
  Paul Eastham
  ,
  Jennifer Lang
  ,
  Zhenya Lebedev
  ,
  Aleksei Shapovalov
• FCA Publishes Near-Final Proposals for Major Reforms to the UK Listing Regime
  2 January 2024
  Nicholas P. Pellicani
  ,
  Vera Losonci
  ,
  Yiran Ji
• FCA Censures Former FTSE 100 Company under EU Market Abuse Regulation
  28 November 2023
  Nicholas P. Pellicani
  ,
  Vera Losonci
  ,
  Gavin Benson
• Law360: Breaking Down The UK's Draft Updates To Prospectus Regime
  29 September 2023
  Law360
  James C. Scoville
  ,
  Nicholas P. Pellicani
  ,
  Vera Losonci
  ,
  Toby Wenham Rogers
• The UK Government Publishes Near-Final Draft Update of the Prospectus Regime
  11 August 2023
  Nicholas P. Pellicani
  ,
  James C. Scoville
  ,
  Vera Losonci
  ,
  Toby Wenham Rogers
• FCA Proposes Bold Reforms to UK Listing Process
  15 May 2023
  Nicholas P. Pellicani
  ,
  James C. Scoville
  ,
  Vera Losonci
  ,
  Toby Wenham Rogers
• 2023 International Capital Markets Outlook
  26 January 2023
  Alan Kartashkin
  ,
  Nicholas P. Pellicani
  ,
  James C. Scoville
  ,
  Vera Losonci
  ,
  Zhenya Lebedev
  ,
  Toby Wenham Rogers
• New Public Disclosure Requirements for Foreign Private Issuers of OTC-Quoted Rule 144A Debt Securities
  30 November 2022
  Alan Kartashkin
  ,
  Nicholas P. Pellicani
  ,
  James C. Scoville
  ,
  Vera Losonci
• Recent FCA and English High Court Decisions Provide Guidance on Unlawful Disclosure of “inside information” and the Definition of PDMRs under UK MAR
  12 September 2022
  James C. Scoville
  ,
  Vera Losonci
  ,
  Yiran Ji
• Recommendations for UK Secondary Capital Raising Reform Published
  4 August 2022
  James C. Scoville
  ,
  Vera Losonci
• FCA Publishes Discussion Paper on UK Listing Regime and Reforms under Its Primary Markets Effectiveness Review
  23 June 2022
  James C. Scoville
  ,
  Vera Losonci
• FCA Extends Requirements on Climate-Related Disclosures to Issuers of Standard Listed Shares and GDRs
  16 February 2022
  James C. Scoville
  ,
  Vera Losonci
  ,
  Milo Gordon-Brown
• FCA Listing Rule Changes
  22 December 2021
  James C. Scoville
  ,
  Vera Losonci
  ,
  Milo Gordon-Brown
• UK Adopts New SPAC Listing Rules
  24 August 2021
  James C. Scoville
  ,
  Vera Losonci
  ,
  Milo Gordon-Brown
• Harvard Law School Forum on Corporate Governance: UK Proposals to Reform Listing Rules to Attract SPACs and Technology Companies
  3 May 2021
  Harvard Law School Forum on Corporate Governance
  James C. Scoville
  ,
  Vera Losonci
• UK Proposals to Reform Listing Rules to Attract SPACs and Technology Companies
  10 March 2021
  James C. Scoville
  ,
  Vera Losonci
  ,
  Milo Gordon-Brown
• UK Market Abuse Regulation: Onshoring and Divergence from the EU
  11 February 2021
  James C. Scoville
  ,
  Vera Losonci
  ,
  Milo Gordon-Brown
• New UK Listing Rule Requirement to Disclose Rights Attaching to Listed Securities
  19 May 2020
  James C. Scoville
  ,
  Vera Losonci
• Important Regulatory Updates—UK and EU Regulators Respond to COVID-19
  30 March 2020
  David Innes
  ,
  Timothy McIver
  ,
  James C. Scoville
  ,
  Dr. Clare Swirski
  ,
  Patricia Volhard
  ,
  Vera Losonci
  ,
  Anne-Mette Heemsoth
  ,
  Megan MacDonald
  ,
  Philip Orange
  ,
  Katie Power
• COVID-19: Implications for Disclosure and Corporate Governance in the EU and UK
  19 March 2020
  James C. Scoville
  ,
  Vera Losonci
• UK Financial Conduct Authority Fines a Senior Executive for Failing to Notify Personal Trades as Required by the Market Abuse Directive
  16 January 2020
  James C. Scoville
  ,
  Vera Losonci
• Shanghai-London Stock Connect Sees Its Second IPO
  1 October 2019
  Edwin Northover
  ,
  James C. Scoville
  ,
  Vera Losonci
  ,
  Tingting Wu
• LSE and ESMA Revise Guidance on the Potential Impact of a “No-Deal Brexit”
  12 September 2019
  James C. Scoville
  ,
  Vera Losonci
  ,
  John Young
• Disclose ASAP! And ASAP Means...
  14 May 2019
  Pierre Clermontel
  ,
  James C. Scoville
  ,
  Vera Losonci
  ,
  Philippe Tengelmann
• CLS Blue Sky Blog: Debevoise Discusses When to Disclose a European Deal
  10 May 2019
  The CLS Blue Sky Blog
  James C. Scoville
  ,
  Pierre Clermontel
  ,
  Vera Losonci
  ,
  Philippe Tengelmann
• EU Prospectus Regulation: Where We Are in Its Implementation
  2 May 2019
  James C. Scoville
  ,
  Vera Losonci
• LSE and ESMA Issue Guidance on the Potential Impact of a “No-Deal Brexit”
  27 March 2019
  James C. Scoville
  ,
  Vera Losonci
• Nissan SEC Inquiry Highlights Uncertainty for Non-U.S. Issuers of ADRs
  31 January 2019
  James C. Scoville
  ,
  Alan Kartashkin
  ,
  Vera Losonci
  ,
  Kara Brockmeyer
  ,
  Andrew J. Ceresney
• EU Advises Businesses to Ramp Up Brexit Preparations
  24 July 2018
  Katherine Ashton
  ,
  Patricia Volhard
  ,
  Vera Losonci
• European Funds Comment: The Need for a Brexit Plan
  20 July 2018
  Issue 45
  Katherine Ashton
  ,
  Geoffrey Kittredge
  ,
  Vera Losonci
  ,
  John W. Rife III
  ,
  Patricia Volhard
• No Divorce—A New Cross-Channel Relationship? The Implications for Business of the UK’s White Paper on Its Future Relationship with the European Union
  18 July 2018
  Katherine Ashton
  ,
  Vera Losonci
• Buybacks of Russian Securities
  8 June 2018
  Alan Kartashkin
  ,
  James C. Scoville
  ,
  Vera Losonci
• UK and EU Agree in Principle to 21-Month Brexit Transition Period
  23 March 2018
  Katherine Ashton
  ,
  Dr. Clare Swirski
  ,
  Vera Losonci
• European Funds Comment: Brexit – The “No-deal Deal”
  26 January 2018
  Issue 23
  Katherine Ashton
  ,
  Geoffrey Kittredge
  ,
  Patricia Volhard
  ,
  Timothy McIver
  ,
  Vera Losonci
• Debevoise & Plimpton Discusses FCA’s Reforms to UK’s IPO Process
  21 November 2017
  CLS Blue Sky Blog
  James C. Scoville
  ,
  Vera Losonci
• FCA Introduces Reforms to the UK IPO Process
  1 November 2017
  James C. Scoville
  ,
  Vera Losonci
• Brexit: Where Do We Go From Here?
  24 October 2017
  Katherine Ashton
  ,
  Vera Losonci
• Streamlining the EU Prospectus Regime
  17 July 2017
  James C. Scoville
  ,
  Vera Losonci
• UK Regulator Proposes Changes to IPO Process
  16 March 2017
  James C. Scoville
  ,
  Vera Losonci
• Brexit—The Future UK-EU relationship
  24 January 2017
  Katherine Ashton
  ,
  Lord Goldsmith KC
  ,
  James C. Scoville
  ,
  Richard Ward
  ,
  Vera Losonci
  ,
  Timothy McIver
  ,
  Konstantin Bureiko
• UK Supreme Court: Act of Parliament Required to Trigger Brexit
  24 January 2017
  Lord Goldsmith KC
  ,
  Vera Losonci
  ,
  Gavin Chesney
• The Article 50 Judgment—Pulling the Trigger: Parliament, not Prerogative
  7 November 2016
  Lord Goldsmith KC
  ,
  Geoffrey P. Burgess
  ,
  Vera Losonci
  ,
  Gavin Chesney
• Europe’s New Market Abuse Regulation: What U.S. Issuers Need to Know
  20 September 2016
  Alan Kartashkin
  ,
  James C. Scoville
  ,
  Vera Losonci
  ,
  Dominic Blaxill
• The Market Abuse Regulation: Practical Tips for Compliance with the New Regime
  3 August 2016
  Alan Kartashkin
  ,
  James C. Scoville
  ,
  Vera Losonci
  ,
  Dominic Blaxill
• Brexit: So What Happens Next?
  1 July 2016
  Geoffrey P. Burgess
  ,
  Lord Goldsmith KC
  ,
  Vera Losonci
  ,
  Timothy McIver
• SEC Proposes Overhaul of Mining Disclosures
  30 June 2016
  Matthew E. Kaplan
  ,
  Alan Kartashkin
  ,
  Paul M. Rodel
  ,
  James C. Scoville
  ,
  Vera Losonci
• Brexit - The Morning After
  24 June 2016
  Lord Goldsmith KC
  ,
  David Innes
  ,
  Vera Losonci
  ,
  Cécile Beurrier
• EU Market Abuse Regulation Imposes Significant New Obligations on ADR/GDR and Eurobond Issuers on EU-Regulated Markets and on Unregulated Exchanges
  27 April 2016
  James C. Scoville
  ,
  Vera Losonci
  ,
  Dominic Blaxill
• NYSE Listed Foreign Private Issuers Now Required to File Semiannual Unaudited Financial Information
  25 April 2016
  Matthew E. Kaplan
  ,
  James C. Scoville
  ,
  Steven J. Slutzky
  ,
  Vera Losonci
  ,
  Benjamin P. Collins-Wood
• The Cost Of Compliance
  25 April 2016
  Mining Journal
  Vera Losonci
  ,
  Dominic Blaxill
• Issuers in the Extractive and Logging Industries Admitted to Trading on the London Stock Exchange Are Now Required to Report Payments to Governments
  9 February 2016
  James C. Scoville
  ,
  Vera Losonci
  ,
  Dominic Blaxill
• Russian Issuers One Step Closer to Hong Kong Listings
  19 March 2015
  Alan Kartashkin
  ,
  James C. Scoville
  ,
  Vera Losonci
• London Stock Exchange Introduces T+2 Standard Settlement Period
  9 October 2014
  Guy Lewin-Smith
  ,
  James C. Scoville
  ,
  Vera Losonci
• What’s Driving ADRs’ Renaissance
  15 September 2014
  International Financial Law Review
  James C. Scoville
  ,
  Vera Losonci
• U.S. Announces New Sanctions on Russian Companies, Provides Guidance on Transactions Involving SSI Entities
  29 July 2014
  Lord Goldsmith KC
  ,
  Alan Kartashkin
  ,
  Satish M. Kini
  ,
  Dmitri V. Nikiforov
  ,
  James C. Scoville
  ,
  Vera Losonci
  ,
  Carl Micarelli
• London Stock Exchange Introduces New High Growth Segment
  28 February 2013
  James C. Scoville
  ,
  Guy Lewin-Smith
  ,
  Vera Losonci
• New ESMA Guidance Signals a Return to a More Flexible Approach to “Up to Amount” Listings of Global Depositary Receipts
  28 June 2012
  Alan Kartashkin
  ,
  James C. Scoville
  ,
  Guy Lewin-Smith
  ,
  Vera Losonci
• Admission to Trading on London Stock Exchange Now Possible without Full Listing
  21 January 2011
  James C. Scoville
  ,
  Vera Losonci
  ,
  Alan Kartashkin
  ,
  Paul M. Rodel