Legal News

Financial Institutions M&A sector trends: Brokers/corporate finance — H1 2020 and outlook for H2 2020. Thinning of the herd continues as "traditional" brokers struggle to remain profitable amidst encroachment by Bulge Bracket and disruption by fintech.......By: White & Case LLP

In this episode of Trekking Through Compliance, we consider the episode Assignment Earth which aired on March 29, 1968, Star Date unknown. The final episode of Season 2. Compliance Takeaways: How many pizzas have you bought? A lunch alone is a lunch wasted? Do you rotate other executives through compliance for assignments?...By: Thomas Fox

One - Whilst we have seen a decline in new public activist campaigns and demands since the onset of the pandemic, there is much going on below the surface. Many activists have adopted a "wait and see" approach regarding public campaigns and are instead repositioning themselves to take advantage of share price volatility and preparing for strategic engagement once the path ahead is clearer. We expect to see a rise in engagement in the coming months and are helping companies to prepare for...By: ...

The latest amendments provide new criminal gun jumping rules, broaden the standard of review, and expand EU-wide cooperation. Key Points: ..New gun jumping rules prohibit certain pre-closing cooperation as well as information exchanges and provide for significant fines and criminal sanctions. ..The substantive test (theory of harm) is lowered. Even minority investments can be restricted if public order or security is likely to be affected as a result of the acquisition. ..New filing...By: La...

On June 1, 2020, the U.S. Department of Justice (“DOJ”) released updated guidance entitled “Evaluation of Corporate Compliance Programs” (“Updated Guidance”), which provides the DOJ Criminal Division’s views on what comprises an effective compliance program. The Updated Guidance emphasizes the Government’s focus on whether a company’s compliance program actually works “on the ground.”......By: King & Spalding

As companies transition employees back to work, many are wondering how to do so in a safe, productive way, and how to navigate the legal and regulatory and practical challenges that may arise. In this webinar, speakers from Centinel Consulting and Carlton Fields will discuss strategies and best practices for returning people to work safely, including: - Emergency room realities and basic protections for employees - Updates on the latest codes, laws, and regulations governing workplace...By:...

On July 8, 2020, Federal Trade Commissioner Rohit Chopra released a statement criticizing the practice of “roll-up transactions” involving multiple non-reportable transactions, especially with regards to acquisitions of multiple health care providers. Since Republicans currently hold three of the five FTC Commissioner seats, Chopra’s comments likely do not signal a significant shift in antitrust enforcement priorities under the Trump administration. However, Chopra’s views would have greater...

As both England and Wales navigate their way out of lockdown, here is an updated snapshot summarising in one place the key COVID-19 legal developments affecting commercial real estate in these jurisdictions. Dentons' COVID-19 snapshots cover: significant developments since our previous snapshot alert on 9 June 2020; the key legal restrictions of lockdown; enforcement action by commercial landlords; the impact of COVID-19 on existing and proposed real estate documentation; government...By: Dento...

In the coming months, be on the lookout for an increase in mergers and acquisitions financed by sellers. As recently as February, the small and midsize business segment was experiencing increasing purchase price multiples fueled by low interest rates and the available credit made possible by banks’ confidence in a robust economy....By: Parker Poe Adams & Bernstein LLP

Participants in M&A transactions may lose eligibility, possibly retroactively, for the “employee retention credit” under Section 2301 of the CARES Act (Coronavirus Aid, Relief, and Economic Security Act) if a party to the transaction has previously taken out a Paycheck Protection Program (“PPP”) loan....By: Foley & Lardner LLP