Legal News

On June 19, 2020, the Hungarian Competition Authority (“GVH”) adopted a decision providing guidance for financial investors and startups. The decision was a result of follow-up proceedings related to an acquisition of joint control by capital funds over CodeCool Kft., an undertaking involved in the development of innovative educational methods (the “CodeCool Case”)....By: Dentons

Judgment has now been handed down by Marcus Smith J in another important case regarding the Lehman estate. This gives much needed clarity on how subordinated debts rank as between themselves....By: Dentons

In this article, we give a broad overview of the changes to the delisting regime implemented by Singapore Exchange Regulation (SGX RegCo) in July 2019 and share our thoughts on its impact on the delisting trends in Singapore. SGX RegCo amended the voluntary delisting rules in July 2019 to provide increased protection to minority shareholders in connection with a voluntary delisting from the Official List of the Singapore Exchange Securities Trading Limited (SGX-ST). Exit offers in conjunction......

The Department of Justice (DOJ) and the Federal Trade Commission (FTC) formally released the new Vertical Merger Guidelines on June 30, 2020, to provide insight to companies as to how the agencies will evaluate the competitive impact of vertical mergers. These guidelines replace the DOJ’s 1984 Non-Horizontal Merger Guidelines. The Guidelines provide companies with a tool for assessing the antitrust risks associated with a merger involving companies at different parts of the same supply chain or...

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”), and the Paycheck Protection Program Flexibility Act (“PPP Flexibility Act”) (together, the CARES Act1, PPPHCE Act, and PPP Flexibility Act are called the “CARES Act”). The CARES Act is important to certain real estate businesses because it offers necessary financial ...

The U.S. Court of Appeals for the Federal Circuit, in U.S. Army Corps of Engineers v. John C. Grimberg Co., Inc., recently reversed an Armed Services Board of Contract Appeals (ASBCA) decision that a federal contractor was entitled to an equitable adjustment on a differing site conditions claim. The Federal Circuit held that the contractor, in developing its proposal, did not demonstrate that its interpretation of government subsurface data was reasonable — a condition precedent to entitlement....

On June 26, 2020, Governor Ron DeSantis signed fifteen bills into law, including HB 441, a revision to the allowable maximum dollar amount for continuing contracts for construction projects. Increasing the dollar cap from $2 million to $4 million, the legislation revises the maximum dollar amount that a public entity can spend to procure certain services under a continuing contract......By: Shutts & Bowen LLP

On June 24, 2020, the California Office of Planning and Research (OPR) issued updated General Plan Guidelines for use by cities and counties in developing land use planning documents. The Guidelines are intended to implement SB 1000, which requires the safety elements of general plans to be updated to address floodplain hazards, fire safety, and related environmental justice concerns. The Guidelines are OPR’s first attempt to provide comprehensive guidance to local jurisdictions on how to...By:...

Fall protection in construction is one of the most cited OSHA standards across all industries, with fall protection training in construction being the eighth most-cited. More importantly, falls constitute more than a third of construction deaths, dwarfing the next three causes combined. Outside of construction industries, falls remain a leading cause of citations and fatalities. Falls are the most dangerous hazard for American workers, which means that fall protection is the most important...By:...

The Ballard Spahr Zoning and Land Use Team is continuing to monitor all aspects of the Philadelphia land use approval process during the COVID-19 emergency, including the issuance of zoning and building permits, regulation of construction work, and changes to relevant court filing deadlines....By: Ballard Spahr LLP