Legal News

Background - The new Franchise Law (“Franchise Law”) of the Kingdom of Saudi Arabia (“Kingdom”) was promulgated by Royal Decree No. M/22 dated 09/02/1441 Hijri (corresponding to 8 October 2019). The Implementing Regulations of the Franchise Law (IRFL) were approved by Ministerial Resolution No. 00591 dated 18/09/1441H (corresponding to 11 May 2020). This article provides a brief overview of some of the key provisions of the Franchise Law and the IRFL. Please see full Article below for m...

Kayne Anderson (KA) Real Estate has acquired a healthcare portfolio from Welltower, according to a news release....By: McGuireWoods LLP

Welcome to the newest addition to the Compliance Podcast Network, Compliance and Coronavirus. In this episode, I visit with John Fanning. He is a long-time player in the compliance space and John recently associated with Integrity Risk International. We discuss his move over to IRI and then take a deeper dive into 3rd party due diligence in the time of Coronavirus. Some of the highlights include: Why are due diligence services even more important in the era of Covid-19? What are Three...By: Th...

James Doty, former Commissioner of the Public Company Accounting Oversight Board (PCAOB) was once asked if the Board or its sub-committee which handles audits was a part of a company’s internal financial controls. He answered that yes, he believed that was one of the roles of an Audit Committee or full Board. I had never thought of the Board as an internal control but the more I thought about it, the more I realized it was an important insight for any Chief Compliance Officer or compliance...By...

The Internal Revenue Service (the “IRS”) issued proposed regulations (the “Proposed Regulations”) that govern the tax treatment of certain equity interest under Section 1061 of the Internal Revenue Code of 1986, as amended (the “Code”). Specifically, the Proposed Regulations clarify certain applications of the three-year holding period rules and, as a result, taxpayers may need to reconsider certain aspects of profits interests and carried interests awards....By: Thompson Coburn LLP

The COVID-19 pandemic hit Chinese M&A hard in Q1, but the second quarter has already witnessed a remarkable recovery with a total of 434 deals announced—an increase of 56% on Q1. Value also rebounded strongly, with deals worth US$58.19 billion recorded during the second quarter, up more than 16% on Q1....By: White & Case LLP

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, among other economic stimulus measures, provides targeted relief to small businesses through its Paycheck Protection Program (PPP). The PPP and other government loan programs implemented in response to the coronavirus (COVID-19) pandemic have a variety of implications on pending and potential mergers and acquisitions (M&A) transactions. This White Paper provides an overview of the factors stakeholders in a transaction should...By: M...

A new landmark free trade agreement between Vietnam and the European Union entered into force on 1 August 2020.  The agreement provides expansive preferential treatment for both goods and services, recognition and protection of geographical indications for over 200 products, liberalized government procurement rules, and obligations for antitrust and mergers. It also contains sustainable development provisions including legally binding rules on climate, labour and human rights. As such, it is......

Like Count Dracula emerging from his lair and draining his victims, the COVID-19 virus manifested itself in early 2020, with the world left in the tight, cold, and unyielding grip of the ensuing pandemic. Millions were infected, too many lost their lives, and in the midst of it all, many business bled out, and ended up ceasing their operations. (See: Coronavirus pandemic deals fatal blow to struggling businesses) More corporate casualties are expected to emerge from the COVID-19 pandemic in the....

Key Takeaways - - On July 31, 2020, the U.S. Treasury Department, as chair of the Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”), published its Annual Report to Congress on all notices filed with CFIUS in 2019, the most recent year for which data has been declassified, and all reviews or investigations completed during the year (“Annual Report”). - The Annual Report also marks the second data set for reviews and investigations completed since the Forei...