SPAC: The Way Ahead to Future

  • Swankit Kumar Nanda and Deyasini Chakrabarti
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  • Swankit Kumar Nanda

    Student at School of Law, KIIT University, Bhubaneswar, India.

  • Deyasini Chakrabarti

    Student at School of Law, KIIT University, Bhubaneswar, India.

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Abstract

Legal business and transactional procedures had traditionally shied away from using modern practical applicability’s which had thereby tried to continue with the traditional activities of raising finances. With the advancement of investment techniques and increasing market and economic forces, individuals have started investing in a new and unique venture thereby resulting into the formation of special purpose acquisition companies. This considering the fact that company law by itself inculcates interdisciplinary jurisprudence as it touches all aspects of our lives and therefore, when imbibed together, we saw various leading developments in the sectors of mergers and acquisitions. In regard to this, the introductory part of the paper shall focus on the historical and developmental ambit of the SPAC and the evolving stages of it in the societal dynamism against the means of traditional IPOs. The second part of the paper shall focus on to the implications of the cross-border SPAC, thus focusing on the nuances involved in it, and the third part shall deal with the existing challenges within the system and the gap which are being laid thereby, due to the inadequate legal position, thus examining the preparedness and future approach of the Indian regulators towards SPAC. Fourthly, the focus shall shift to the global scenario in relation to SPAC, whereas the last part shall highlight on to the benefits which a SPAC receives as result of listing on IFSC Stock exchange, therefore concerning upon the probable advantages and disadvantages, and the conclusion.

Type

Research Paper

Information

International Journal of Law Management and Humanities, Volume 5, Issue 1, Page 87 - 100

DOI: https://doij.org/10.10000/IJLMH.112435

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