Fox Williams securities litigation partner Andrew Hill has contributed a new expert chapter entitled ‘Mind the Gap: Closing the “Coverage Gap” in UK Securities Litigation’.
ICLG’s publication is ‘a practical cross-border insight into class and group actions work’’. In his chapter, Andrew Hill identifies the perceived coverage gap in UK securities litigation for passive investors, and offers some solutions.
Andrew Hill comments, “My concern is with the already large and growing gap in coverage in the UK’s issuer liability regime, as the percentage of the investing market which is passively managed or index-linked continues to grow. This effectively means a very sizeable chunk of the investment market is lacking (or is perceived to be lacking) protection under s90A.”
To read the chapter in full please click here.
The Guide to Class and Group Actions covers common issues in class and group actions, including actions by representative bodies, court procedures, time limits, remedies, forum shopping restrictions and costs and funding, across 21 jurisdictions.
Andrew Hill specialises in complex, cutting edge and high value commercial litigation, with a focus on group actions or ‘class actions’ for major international finance institutions and sophisticated institutional investors. Andrew is at the forefront of developing securities litigation in the UK, identifying potential recovery opportunities for shareholders in UK public companies. He drove the launch of the UK’s first such claim against a PLC for issuing allegedly untrue or misleading statements to the market – the high profile +£400million case against Tesco PLC for a large group of institutional investors, following Tesco’s admission of a profit overstatement in late 2014. The Tesco case was ranked as one of The Lawyer’s Top 20 cases for 2017 and is set to go to trial in 2020.
*Reproduced with permission from Global Legal Group. For further information please visit www.glgroup.co.uk.
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