A NOTEPAD ON COMPANY AND FINANCIAL LAW, NEWS AND REGULATION
Gloster J didn’t make much of Mr Berezovsky:
“On my analysis of the entirety of the evidence, I found Mr. Berezovsky an unimpressive, and inherently unreliable, witness, who regarded truth as a transitory, flexible concept, which could be moulded to suit his current purposes. At times the evidence which he gave was deliberately dishonest; sometimes he was clearly making his evidence up as he went along
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The Financial Times reports today that the Government is considering reducing the free float requirement for tech companies listing on London from the current 25% to 10%, with the aim of trying to increase the attractiveness of London for tech IPOs. Bloomberg carried a similar report earlier this week. The FT report suggests that consultation on such a rule change would be wrapped into the current FSA review of the Listing Rules (which we discuss here).
See also: FTSE sets minimum 25% free float requirement for inclusion in UK indices
