UK: Changes of Corporate Control in the Gambling Sector
In this Expert Focus podcast, partner Bahar Alaeddini and associate Jessica Wilson of London-based specialist gambling law firm Harris Hagan provide an overview of the meaning of a change of corporate control in the gambling sector, the application process and requirements, and key areas of focus.
Jessica Wilson
When Does a Change of Control Take Place, and Who or What Qualifies as a Controller?
“Each step in the transaction should be reviewed carefully to consider whether a change of corporate control has occurred and which entities and individuals have become controllers.”
The definition of a controller is complex and sometimes warrants a detailed legal analysis
A change of corporate control has occurred: what next?
“Given the potential ramifications, it is essential that someone with detailed knowledge of the commission’s licensing requirements is continually monitoring changes in corporate structure.”
Applying to the Commission
The application form and accompanying documentation are discussed, and tips are provided for a smooth application.
Harris Hagan
