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Baker Botts Corporate Technology Partner Leads on New Scottish Stock Exchange


LONDON, May 23, 2019 – Baker Botts, a leading technology and energy law firm, is acting on the launch of Scotland’s First Stock Exchange in fifty years. Advising on the new stock exchange – dubbed Project Heather – is David Ramm, a corporate technology partner who joined Baker Botts in September 2018. 

“The social stock exchange model has gained real momentum across the globe, and we are delighted to be working on a new exchange that puts investing for social impact at its core,” said David Ramm, London based Corporate Technology Partner at Baker Botts.

Project Heather recently secured Scottish government backing for a £750,000 Regional Selective Assistance grant, which provides for up to 45 high-skilled jobs in Edinburgh, where the exchange will be headquartered.

Tomás Carruthers initiated Project Heather as a platform to progress the social finance vision he developed whilst CEO of the Social Stock Exchange. Project Heather, subject to regulatory approval from the UK’s Financial Conduct Authority, is targeting a launch in the second half of 2019.

Since joining Baker Botts last year, David Ramm has additionally advised on a number of Technology sector transactions including: 

  • The sale of UK based FinTech company, Flex-e-Card Limited to Australian listed EML Payments Limited

  • The additional investment by the Founders of Global Processing Services and UK based private equity house Dunedin in GPS, the global payments processor and tech powerhouse

  • The sale of The Oak Group, an NHS software and service provider, to Canadian listed VitalHub

  • The venture financing of Serac Life Sciences Limited


Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit