Legal News

Financial Institutions M&A sector trends: Specialty finance/marketplace Lending — H1 2020 and outlook for H2 2020 Panacea or plague—-what will the true impact of accreditation for government-backed COVID-19 loan schemes be?...By: White & Case LLP

Relief from the burdens and threat of litigation from plaintiffs’ attorneys under the Missouri Merchandising Practices Act (MMPA) will take effect on August 28, 2020. The MMPA, set out in Chapter 407RSMo., is intended to protect consumers. Under the MMPA, a consumer may bring a civil lawsuit against a seller which misrepresents material information about the real or personal property sold, or services provided even though the consumer does not have a traditional breach of contract or fraud...B...

The UK government passed reforms on 21 July 2020 lowering the thresholds to intervene in mergers and acquisitions considered relevant to UK national security in the artificial intelligence, cryptographic authentication, and advanced materials sectors....By: Morgan Lewis

In July 2020, Quinn Emanuel achieved a favorable settlement for its client Advent International in the first scheduled “Busted Deal” trial of the COVID-19 era. The week before trial, the parties reached a settlement in which Advent agreed to purchase Forescout, a leader in network access control, for $1.43 billion, a substantial reduction from the original deal size of $1.9 billion it had agreed to just five months earlier....By: Quinn Emanuel Urquhart & Sullivan, LLP

The long awaited overhaul of the Unit Titles Act 2010 has moved one step further with the Unit Titles (Strengthening Body Corporate Governance and Other Matters) Amendment Bill having been introduced into Parliament earlier this month. The proposed changes address a number of issues that were identified in a 2016 MBIE consultation paper as needed to bring the Act into line with modern practice. Please see full article below for more information....By: Dentons

The COVID-19 pandemic has caused severe disruption, distress and uncertainty for companies across almost every industry. While this initially resulted in a substantial slow-down in the M&A market, transactional activity is expected to accelerate in certain areas as the economy begins to recover; for example, we expect to see more carveouts by companies that seek to divest non-core assets, acquisitions of distressed companies, financings of independent companies that may have liquidity issues,......

The COVID-19 pandemic has caused severe disruption, distress and uncertainty for companies across almost every industry. While this initially resulted in a substantial slow-down in the M&A market, transactional activity is expected to accelerate in certain areas as the economy begins to recover; for example, we expect to see more carveouts by companies that seek to divest non-core assets, acquisitions of distressed companies, financings of independent companies that may have liquidity issues,......

In data 14 luglio 2020, è stato pubblicato in Gazzetta Ufficiale il D.Lgs. 14 luglio 2020, n. 75 (di seguito, il “Decreto”). Con il Decreto, che entrerà in vigore il 30 luglio 2020, viene data attuazione alla Direttiva (UE) 2017/1371, relativa alla lotta contro la frode che lede gli interessi finanziari dell’Unione mediante il diritto penale (la “Direttiva PIF”), la cui ratio è quella di “proseguire nel ravvicinamento del diritto penale degli Stati membri completando, per i tipi di condot...

This two-part blog series discusses why buyers looking to make strategic purchases in the health care industry might want to take advantage of the Bankruptcy Code Section 363 sale process (363 Sale) and the pros and cons of buying assets out of bankruptcy through a 363 Sale. Beginning in March, COVID-19 upended equity markets and forced health care businesses to take on more debt. Even with extensive stimulus programs, many businesses (including health care businesses) will not survive the...By...

The changed economic landscape caused by COVID-19, with a shortage of debt financing and volatility in the stock market, has resulted in a dramatic downtick in M&A activity. Not only are buyers skittish about making acquisitions in the first instance, many buyers are now faced with the difficult decision of whether to terminate pending deals that have been signed, but have not yet closed, based on the “material adverse effect” (“MAE”) clause contained in their merger agreements......By: Mor...