Legal News

The UK’s Competition and Markets Authority (CMA) on 6 November published draft updates to two of its merger guidance documents (CMA2 and CMA56) in preparation for the end of the Brexit Transition Period on 31 December 2020....By: Morgan Lewis

Proposed changes to the UK Takeover Code include simplifying and adding flexibility to the timetable applicable to contractual offers, as well as making offer conditions relating to antitrust clearances subject to the same materiality requirement which applies to other offer conditions....By: Morgan Lewis

Welcome to the 25th edition of our newsletter on developments in the automotive industry published by Morgan Lewis’s automotive & mobility team with contributions from lawyers in our offices around the globe. We counsel our automotive clients on a broad range of industry-specific issues, including matters relating to mergers and acquisitions, antitrust, litigation, regulatory concerns, intellectual property, and labor and employment. Please see full Publication below for more information....B...

Economic turmoil as a result of political instability and from the coronavirus (COVID-19) pandemic, together with unallocated capital and low interest rates, means that non-core, but potentially profitable, operations or underperforming distressed assets are increasingly available across Europe....By: Morgan Lewis

The primary focus of many retailers in the near term will likely be on staying afloat and addressing their liquidity needs, the health and safety of their employees and customers, the overall health of their businesses, and how best to pivot their business models to adapt to shifting consumer preferences and expectations in the wake of the ongoing coronavirus (COVID-19) pandemic. However, as the retail industry has been upended by the pandemic as never before, and taking into consideration that....

The Small Business Administration recently issued a procedural notice to Paycheck Protection Program lenders addressing the treatment of PPP loans in the context of a “change of ownership” of the borrower and whether prior SBA approval must be obtained in such transactions....By: Morgan Lewis

As noted in our recent LawFlashes, New Powers for UK Government in Transactions Impacting Public Health Emergencies and National Security and Potential UK Reforms Could Increase Screening of Certain Foreign Takeovers, governments are increasing their scrutiny of certain foreign direct investments (FDIs)......By: Morgan Lewis

Public tender offers under the German Securities Acquisition and Takeover Act: Offers, results and analyses - Following the lapse of the takeover offer to the shareholders of QIAGEN B.V. caused by the failure to meet the reduced minimum acceptance condition at the end of the extended acceptance period and the completion of the mandatory offer to the shareholders of Vita 34 AG, there are presently no ongoing offer proceedings to report. Please see full Publication below for more information......

This White Paper highlights the legal and regulatory considerations in the United States, the United Kingdom, the European Union, Hong Kong, and Singapore that asset managers and their institutional investor clients should reconcile in marketing and adapting portfolios to ESG considerations. Please see full Publication below for more information....By: Morgan Lewis

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...