Legal News

The European Commission’s (EC) June 2020 white paper proposing wide-ranging controls over foreign-subsidized companies’ access to Europe’s internal market has received fresh impetus. In a report issued earlier this month, the European Union’s (EU) audit body faulted the EC for a hitherto balkanized approach to foreign state-backed acquisitions. Senior administration officials have committed to maximum legislative priority for the proposals....By: Skadden, Arps, Slate, Meagher & Flom LLP

A new European regime on sustainability-related disclosures in the financial sector will come into force from March 2021, after first being announced in 2018 during the European Commission’s Action Plan on Sustainable Finance....By: Proskauer Rose LLP

On September 3, 2020, the U.S. Department of Justice (“DOJ”) updated its Merger Remedies Manual (“the Manual”). This is the first update of the Manual since 2011, and it reinforces DOJ’s commitment to effective structural relief (through divestiture) and its focus on the enforcement of consent decree obligations. ...By: Epstein Becker & Green

Virtual healthcare staked out exciting new ground with the recently announced $18.5 billion merger of telemedicine pioneer Teladoc Health and chronic disease management company Livongo....By: Fenwick & West Life Sciences Group

In our first webinar, we will address: - Understanding what is possible with nonprofit advocacy - Identifying and avoiding political campaign intervention - Navigating permissible lobbying activities - Protests, civil disobedience and tax exemption......By: Davis Wright Tremaine LLP

Whilst the three previous articles in our series on planning reform have considered the main changes in the Planning White Paper, there are many more recent far-reaching proposals, both in the Planning White Paper and elsewhere....By: Hogan Lovells

The latest on the potential Oracle/TikTok deal includes news that the Treasury Department has added requirements addressing “how TikTok’s data and source code would be handled and secured” to any potential deal that the companies have agreed to in principle [and that Walmart’s back in the mix]....By: Robins Kaplan LLP

COSO was adopted in 1992 as a framework for basis to design and then test the effectiveness of internal controls. In 2010, it was deemed necessary to update this more than 20-year old COSO Framework, to provide a more supportable approach when adversarial third parties challenged whether a company has effective internal controls (such as the SEC). While the COSO 2013 Internal Controls Framework is designed for financial controls, I believe that the SEC will use this to review a company’s...By: ...

In today’s edition of Daily Compliance News: • Former head of IAAF gets jail time. (FT) • Julius Bear in talks to settle FIFA corrupt allegations. (FT) • Kodak clears itself from insider trading allegations. (FT) • Will US even negotiate for substitute Privacy Shield? (FT)...By: Thomas Fox

Under current EU merger control rules, whether a concentration has to be notified to the European Commission (“Commission”) depends, among other things, on the level of revenue generated by the parties worldwide and in the European Union. A key question that has sparked considerable debate in recent years is whether the current merger control thresholds cover all transactions that have the potential to harm competition, or whether there is a so-called “enforcement gap”......By: McDermott Wil...