Conflicts of interest in the venture capital industry in Spain, Wales and Englandp

This article is a brief summary of the main issues arising for venture capital entities regarding conflicts of interest in Spain, Wales and England. The interest of the European venture capital industry in regulating conflicts of interest, even with its limited binding force, through the European Private Equity and Venture Capital Association (EVCA), is proof of the importance of this matter. The Financial Services Authority (FSA) has also identified conflicts of interest as one of the most significant risks in relation to venture capital, writes Germán Menendez, an associate with SJ Berwin.