Articles by author
An equity repo trapped in the body of a secured loan agreement? Equity finance after Shukla
In this article, the author considers how the Commercial Court approached issues of recharacterisation in Shukla v St James Bank & Trust Company Ltd & Or [2026] EWHC 851 (Comm) and the extent to which it has relevance to the equity securities finance and prime brokerage markets and beyond.
25 JUN 2026A pox on the Pax ESG?
In this article the author highlights cases where third-party activists seek to harness the securities markets through exploitation of investment manager ESG policies, to weaponise their own political agendas. In circumstances where the information they disseminate (before and after trades) is erroneous, biased, or demonstrably influenced by material interest, he argues the need for urgent regulatory focus to prevent market manipulation and protect market integrity.
1 JUL 2021From PSG’s strip to the Gaza Strip: critical issues for those managing Qatar’s money after 7 October
In this article, the author outlines the issues that directors of offshore alternative investment funds and their investment managers need to consider when managing Qatari sovereign wealth.
31 MAR 2024Toto’s law: looking behind ESG rating agency curtains
In this article, Dan Harris tests the provisional regulatory response to the risks, particularly bias, presented by ESG ratings providers when they repackage information scraped off the internet and elevate its status into a “score”. He suggests an industry form of comfort letter for incorporation into contracts between ESG ratings providers and investment managers.
1 NOV 2022
