Legal News

We looked at 28 deals across Asia signed or closed pre-COVID-19 in which the buyer or a group of affiliated buyers acquired all or a significant majority of the outstanding equity of the target. We examined the common key terms in these deals and have sought to provide our insights on the patterns that the results reveal......By: Morrison & Foerster LLP

Following its review of a series of global deals in the digital markets space, the U.K.’s Competition & Markets Authority (the CMA) has launched a consultation on revised merger assessment guidelines (the draft guidelines) codifying its evolving practice in the digital sector and addressing recommendations made by the Furman report (Unlocking digital competition: Report from the Digital Competition Expert Panel) and the Lear report (Ex-post Assessment of Merger Control Decisions in Digital...By...

Mergers and acquisitions among private companies always present a range of HR challenges, especially in light of Covid-19. Many of those issues revolve around benefits. Here are the most common that organizations typically need to address... Originally published in TLNT (Talent Management & HR) December 7, 2020....By: Lowenstein Sandler LLP

Evolution Capital Partners has acquired Health Technologies, according to a news release. Health Technologies, based in St. Louis, Mo., is a provider of consulting dietitians, menus and food-service software to long-term care communities, small acute care hospitals and other companies....By: McGuireWoods LLP

Locked-box pricing mechanisms in private merger and acquisition deals have been popular in recent years. The mechanism, in short, involves the buyer and seller agreeing on a fixed purchase price at the start of the transaction, based primarily on the last audited accounts of the target entity, and the forms of financial leakage since the date of such accounts that are reimbursable to the buyer....By: McGuireWoods LLP

On Tuesday, December 1, Assistant Attorney General for Antitrust Makan Delrahim expressed support for tightening restrictions with respect to merger laws for dominant companies....By: Akin Gump Strauss Hauer & Feld LLP

Responding to calls from Philadelphia’s housing advocates to generate tax revenue for affordable housing, Philadelphia City Council adopted a trio of ordinances on December 2, affecting most new construction projects throughout the City. Mayor Jim Kenney is expected to sign the legislative package before the end of the year....By: Saul Ewing Arnstein & Lehr LLP

In anticipation of the United Kingdom’s exit from the EU on December 31 (‘Brexit’), the Competition and Markets Authority (the ‘CMA’) published its guidance on the expected changes to U.K. competition law regime. The guidance does not cover the U.K.’s future relationship with the EU as it is outside of the remit of the CMA. Broadly speaking and as anticipated, the EU competition legislation (except the EU block exemptions) will no longer apply to the U.K. post Brexit, and there may be a.....

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 zoning and land-use related legislation in City Council....By: Ballard Spahr LLP

Leveraged buyout high yield bond and leveraged loan issuance fell in Q3 2020 as a lack of buyout deals in a still cautious M&A market dampened appetite for financing - Although leveraged buyout (LBO) activity showed signs of recovery in Q3 2020, financing dropped year on year as the supply of new LBO deals seeking capital remained tight....By: White & Case LLP