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Tessa Hastie


Tessa Hastie
  1. People /

Tessa Hastie

Tessa Hastie

Lead Knowledge Counsel


London

Tessa Hastie
  1. People /

Tessa Hastie

Tessa Hastie

Lead Knowledge Counsel


London

Tessa Hastie

Lead Knowledge Counsel

London

Lead Knowledge Counsel – Corporate

T: +44 (0) 20 3400 4516

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  • Biography

Biography

Tessa is a Lead Knowledge Counsel in the corporate finance group. Her advisory work covers a broad range of corporate law and practice, including equity capital markets, public M&A, market abuse as well as general company law matters. Tessa has a keen interest in corporate governance related matters and advises on developments in this area including compliance with the relevant regulatory and legislative requirements relating to ESG, corporate reporting and monitors developments in this area affecting our clients. Tessa is also responsible for business development and the development of know-how for our clients.

Admissions

  • England and Wales

Related Capabilities

UK Public Company UK Public Company

ESG Governance, Compliance and Reporting ESG Governance, Compliance and Reporting

  • UK Public Company

  • ESG Governance, Compliance and Reporting

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Nov 25, 2025

AIM Feedback Statement: Immediate changes and next steps

Following its April 2025 Discussion Paper, “Shaping the Future of AIM", the London Stock Exchange (the Exchange) has published a feedback statement outlining its roadmap for AIM. This plan combines immediate easing measures, implemented through derogations and guidance, with a broader programme of reforms.To support this roadmap, the Exchange will reset the nominated adviser (nomad) model to re-prioritise value added, high-quality corporate finance advice and dispel misconceptions that have built up through market practice about what is required by the Exchange. It will engage with firms on a new, consolidated technical guide for nomads that clarifies responsibilities, expectations and boundaries, and it will retire legacy guidance currently delivered through Inside AIM publications. In parallel, the Exchange will pilot a refreshed approach to Qualified Executive approval to provide nomads with more autonomy while maintaining safeguards on quality. 
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Nov 05, 2025

UK Corporate Briefing November 2025

Welcome to the Corporate Briefing, where we review the latest developments in UK corporate law that you need to know about. In this month’s issue we discuss: FCA fines an employee for insider dealing On 13 October 2025 the FCA fined an employee £100,281 for insider dealing for selling his own and close family member’s entire shareholding whilst in possession of, and using, inside information. FCA Primary Market Bulletin No.58 This latest edition of Primary Market Bulletin discusses the implementation timing for the new prospectus regime and consults on new guidance notes to supplement the new regime. FRC publishes Annual Review of Corporate Reporting The Financial Reporting Council (FRC) has published its Annual Review of Corporate Reporting. The quality of reporting by the FTSE 350 has been maintained but the report suggests areas for improvement.
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Oct 24, 2025

FCA fines an employee for insider dealing

On 13 October 2025 the FCA fined an employee for insider dealing for selling his own and close family member’s entire shareholding whilst in possession of, and using, inside information.  The FCA has imposed a financial penalty of £100,281 (reduced from £126,575).
Insights
Oct 22, 2025

FCA Primary Market Bulletin No.58

This latest edition of Primary Market Bulletin discusses the implementation timing for the new prospectus regime and consults on new guidance notes to supplement the new regime.
Insights
Sep 30, 2025

UK Corporate Briefing October 2025

Welcome to the Corporate Briefing, where we review the latest developments in UK corporate law that you need to know about. In this month’s issue we discuss: Notification requirements for share buybacks The FCA is consulting on changes to the Listing Rules regarding the notification requirements for share buybacks. LSE publishes 2026 Dividend Procedure Timetable The London Stock Exchange plc has published its dividend procedure timetable for 2026. Market soundings at corporate finance firms The FCA has published the latest edition of Market Watch no.83. In this edition the FCA focus on the Market Abuse Regulation (MAR) - market soundings regime and share their observations following a review of the systems and control at corporate finance firms over the last five years.
Insights
Sep 16, 2025

Market soundings at corporate finance firms

The FCA has published the latest edition of Market Watch no.83. In this edition the FCA focus on the Market Abuse Regulation (MAR) - market soundings regime and share their observations following a review of the systems and control at corporate finance firms over the last five years.
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Sep 02, 2025

UK Corporate Briefing September 2025

Summary Welcome to the Corporate Briefing, where we review the latest developments in UK corporate law that you need to know about. In this month’s issue we discuss: Mandatory identity verification for directors, LLP members, PSCs and others From 18 November 2025, new rules are being phased in which will require directors, LLP members, PSCs (people with significant control) and others to verify their identify at Companies House. Failure to do so will be a criminal offence. Removal of company registers - ECCTA Companies House has confirmed that companies will no longer need to keep their own local registers of officers and PSCs.  Move to GOV.UK One Login for access to Companies House WebFiling accounts From 13 October 2025 companies will need to use GOV.UK One Login to sign in to their Companies House WebFiling account. This article explains what companies can do now to prepare for this. Late payments The government publishes a package of measures to assist small businesses in tackling the long-standing issue of late payments.
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Jul 08, 2025

Takeover Panel consultation and new practice statements

The Takeover Panel has published a consultation paper on dual class share structures, IPOs and share buybacks. The proposed amendments to the Takeover Code clarify how the mandatory offer requirements apply to a company with a dual class share structure when a shareholder’s percentage of voting is increased as a consequence of a trigger event.Comments on the consultation paper should be made by 26 September 2025. Any changes will come into effect in Q1 2026.The Panel has also published two new Practice Statements on (i) profit forecasts, quantified financial benefits statements and investment research and (ii) unlisted share alternatives.
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Jun 18, 2025

Upper Tribunal ruling in the case of Craig Donaldson and David Arden (Metro Bank)

The Upper Tribunal has upheld the FCA’s decision that the CEO and CFO of Metro Bank were knowingly concerned in the Bank’s breach of the Listing Rules.The decision serves as a reminder of the importance for listed company directors to ensure that any market disclosures made by a listed company are accurate, not misleading or deceptive, and do not omit anything likely to affect the import of the information that is disclosed.

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Nov 25, 2025
AIM Feedback Statement: Immediate changes and next steps
Following its April 2025 Discussion Paper, “Shaping the Future of AIM", the London Stock Exchange (the Exchange) has published a feedback statement outlining its roadmap for AIM. This plan combines immediate easing measures, implemented through derogations and guidance, with a broader programme of reforms.To support this roadmap, the Exchange will reset the nominated adviser (nomad) model to re-prioritise value added, high-quality corporate finance advice and dispel misconceptions that have built up through market practice about what is required by the Exchange. It will engage with firms on a new, consolidated technical guide for nomads that clarifies responsibilities, expectations and boundaries, and it will retire legacy guidance currently delivered through Inside AIM publications. In parallel, the Exchange will pilot a refreshed approach to Qualified Executive approval to provide nomads with more autonomy while maintaining safeguards on quality. 
Insights
Nov 05, 2025
UK Corporate Briefing November 2025
Welcome to the Corporate Briefing, where we review the latest developments in UK corporate law that you need to know about. In this month’s issue we discuss: FCA fines an employee for insider dealing On 13 October 2025 the FCA fined an employee £100,281 for insider dealing for selling his own and close family member’s entire shareholding whilst in possession of, and using, inside information. FCA Primary Market Bulletin No.58 This latest edition of Primary Market Bulletin discusses the implementation timing for the new prospectus regime and consults on new guidance notes to supplement the new regime. FRC publishes Annual Review of Corporate Reporting The Financial Reporting Council (FRC) has published its Annual Review of Corporate Reporting. The quality of reporting by the FTSE 350 has been maintained but the report suggests areas for improvement.
Insights
Oct 24, 2025
FCA fines an employee for insider dealing
On 13 October 2025 the FCA fined an employee for insider dealing for selling his own and close family member’s entire shareholding whilst in possession of, and using, inside information.  The FCA has imposed a financial penalty of £100,281 (reduced from £126,575).
Insights
Oct 22, 2025
FCA Primary Market Bulletin No.58
This latest edition of Primary Market Bulletin discusses the implementation timing for the new prospectus regime and consults on new guidance notes to supplement the new regime.
Insights
Sep 30, 2025
UK Corporate Briefing October 2025
Welcome to the Corporate Briefing, where we review the latest developments in UK corporate law that you need to know about. In this month’s issue we discuss: Notification requirements for share buybacks The FCA is consulting on changes to the Listing Rules regarding the notification requirements for share buybacks. LSE publishes 2026 Dividend Procedure Timetable The London Stock Exchange plc has published its dividend procedure timetable for 2026. Market soundings at corporate finance firms The FCA has published the latest edition of Market Watch no.83. In this edition the FCA focus on the Market Abuse Regulation (MAR) - market soundings regime and share their observations following a review of the systems and control at corporate finance firms over the last five years.
Insights
Sep 16, 2025
Market soundings at corporate finance firms
The FCA has published the latest edition of Market Watch no.83. In this edition the FCA focus on the Market Abuse Regulation (MAR) - market soundings regime and share their observations following a review of the systems and control at corporate finance firms over the last five years.
Insights
Sep 02, 2025
UK Corporate Briefing September 2025
Summary Welcome to the Corporate Briefing, where we review the latest developments in UK corporate law that you need to know about. In this month’s issue we discuss: Mandatory identity verification for directors, LLP members, PSCs and others From 18 November 2025, new rules are being phased in which will require directors, LLP members, PSCs (people with significant control) and others to verify their identify at Companies House. Failure to do so will be a criminal offence. Removal of company registers - ECCTA Companies House has confirmed that companies will no longer need to keep their own local registers of officers and PSCs.  Move to GOV.UK One Login for access to Companies House WebFiling accounts From 13 October 2025 companies will need to use GOV.UK One Login to sign in to their Companies House WebFiling account. This article explains what companies can do now to prepare for this. Late payments The government publishes a package of measures to assist small businesses in tackling the long-standing issue of late payments.
Insights
Jul 08, 2025
Takeover Panel consultation and new practice statements
The Takeover Panel has published a consultation paper on dual class share structures, IPOs and share buybacks. The proposed amendments to the Takeover Code clarify how the mandatory offer requirements apply to a company with a dual class share structure when a shareholder’s percentage of voting is increased as a consequence of a trigger event.Comments on the consultation paper should be made by 26 September 2025. Any changes will come into effect in Q1 2026.The Panel has also published two new Practice Statements on (i) profit forecasts, quantified financial benefits statements and investment research and (ii) unlisted share alternatives.
Insights
Jun 18, 2025
Upper Tribunal ruling in the case of Craig Donaldson and David Arden (Metro Bank)
The Upper Tribunal has upheld the FCA’s decision that the CEO and CFO of Metro Bank were knowingly concerned in the Bank’s breach of the Listing Rules.The decision serves as a reminder of the importance for listed company directors to ensure that any market disclosures made by a listed company are accurate, not misleading or deceptive, and do not omit anything likely to affect the import of the information that is disclosed.
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