Legal News

During its Q4 earnings report yesterday, Netflix announced a significant departure from past practice: it’s done borrowing money (for now, at least). After borrowing “over $16 billion to feed its titanic appetite for content” over the past decade, the ‘Flix is reporting that it’s not only making enough money to pay off its loans while…...By: Robins Kaplan LLP

Within the past month, the Department of Justice Antitrust Division (the Division), in two separate matters, indicted a former owner of a health care staffing company for participating in a conspiracy to fix prices by lowering the rates paid to physical therapists and physical therapist assistants, and a health care company that owns and operates outpatient medical care centers across the country for agreeing with competitors not to solicit senior-level employees......By: Lowenstein Sandler LLP

What Happened: • On January 19, 2021, major changes to German antitrust/competition law, i.e. the 10th Amendment Act to the German Act Against Restraints of Competition (ARC) entered into force. • In addition to introducing stricter abuse control, in particular over digital companies with a strong market position (so much so that one may refer to the act as the “ARC Digitisation Act”) and effecting changes to procedural rules and cartel prosecution, the new law also introduces substantive....

World Law Group member firms recently collaborated on a Global Venture Capital Guide that covers more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on Venture Capital deals (and more!). The guide does not claim to be comprehensive, and laws in this area are quickly evolving. In particular, it does not replace professional and detailed legal advice, as facts and circumstances vary on a case-by-case basis and country-specific...By: W...

Fiat Chrysler and France’s PSA Group completed their mega-auto-merger first agreed-to in late 2019, “creating Stellantis NV, a global auto-making giant that executives say will have the heft needed to compete in the fast-changing industry”......By: Robins Kaplan LLP

Last November, Arizona’s Court of Appeals issued a memorandum decision analyzing Arizona’s Prompt Pay Act. Though the decision was not published and is not binding authority, it does guide the construction industry and practitioners as to how this court analyzed Prompt Pay Act enforcement. To set the table, Shea Connelly Dev. LLC v. Ariz. Registrar of Contrs. was limited to a payment dispute between the general contractor Shea Connelly, and its subcontractor, Revive. The project owners...By...

TMPR: FCA update on adding new sub-fund to umbrella scheme - The UK Financial Conduct Authority (FCA) has updated its webpage on adding a new sub-fund to an umbrella scheme in the temporary marketing permissions regime (TMPR) to add a link to the final version of the direction made under the Collective Investment Schemes (Amendment etc) (EU Exit) Regulations 2019 (SI 2019/325)...By: Hogan Lovells

On 14 January, the German Parliament passed far-reaching amendments of German antitrust law, the Act against Restraints of Competition (ARC), which also affect merger control. The amendment, also known as the "German Competition Digitalization Act" ......By: Hogan Lovells

For law bloggers, if there’s one thing more satisfying than writing about an important new court decision, it’s writing about an important new court decision that you won for your client....By: Farrell Fritz, P.C.

Earlier this week, the Third Circuit held in Delaware River Joint Toll Bridge Commission v. Secretary Pennsylvania Department of Labor and Industry that Pennsylvania ceded its authority to enforce its building code and safety regulations against the operator of a transportation facility, the Delaware River Joint Toll Bridge Commission (“Commission”). The Commission is a bi-state entity created by an interstate compact between Pennsylvania and New Jersey (“Compact”) and approved by Congress u...