The guide enables side-by-side comparison of critical equity derivatives issues across key jurisdictions.
The past several years have emphasized the growing importance of strategic equity solutions as part of corporate finance advisory services for both listed issuers and their controlling shareholders. Strategic equity solutions are a range of equity derivatives products, including capital-raising, equity-linked products, structured share buy-back and share accumulation and disposal products, and hedging and monetization products. Interestingly, the period of continuous volatility highlighted the continued demand for sophisticated methods of capital raising, balance sheet management and hedging solutions, all of which utilize strategic equity solutions.
The market for strategic equity solutions is likely to continue to expand in 2025 and beyond, as hedging products grow in popularity amid the market turmoil, market volatility, rising interest rates and geopolitical factors and issuers in need of immediate liquidity tap the convertible notes market. But the growth of particular product classes will also be shaped by traditional macroeconomic influences, such as global growth; equity prices and liquidity; interest rate changes; and tax, regulatory and accounting policies. In addition, new market entrants and disruptive technologies are challenging the way that many equity derivative products have historically been structured and marketed.
This 11th edition of the Equity Derivatives volume in the Lexology Panoramic series aims to survey the equity derivatives landscape in key jurisdictions around the world and highlight the critical issues that practitioners and market participants should be aware of. This introduction gives a brief overview of the state of the global market and the primary product classes discussed in this volume.
Latham & Watkins authored chapters covering the US, UK, France, Germany, and Hong Kong.