Travers Smith Attorney Simon Witney Forecasts the Effect of E.U. Regulatory Developments and the Impending Brexit on the U.K. PE Industry

As a member of various influential committees of Invest Europe (the pan‑European PE and venture capital association based in Brussels) and the British Private Equity & Venture Capital Association for upwards of 20 years, Simon Witney has long been at the forefront of the PE industry in the U.K. and the E.U. He recently transitioned to Travers Smith in London as a senior consultant, where his practice will continue to focus on PE regulation and fund formation; sustainability and environmental, social and governance issues; and corporate governance matters (i.e., corporate law and directors’ duties). The Private Equity Law Report recently interviewed Witney in connection with his move to Travers Smith and to obtain his perspective on developments in the PE industry in the U.K. His insights are particularly valuable in light of the recent regulatory push by the E.U. to formalize sustainability practices among fund managers, as well as the impending finalization of Brexit at the end of this year. This article summarizes Witney’s thoughts on those and other topics, including the coronavirus’ effect on U.K. fund managers. See “Preparing for the E.U.’s New Regulations for Disclosing Sustainability Risks and Negative Impacts From ESG Investing” (Jun. 9, 2020); and “Brexit Remains an Immediate FCA Concern for 2019/2020, With Regulatory Evolution a Longer‑Term Area of Interest” (Oct. 22, 2019).

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