Legal News

Foreign direct investments, whether undertaken directly or indirectly, are generally allowed without restrictions or the need to obtain prior authorization from an administrative agency - The Foreign Investment Act and its regulations (jointly, the FIA) constitute the main statutory framework governing foreign direct investment (FDI). In some specific instances, sectorial statutory frameworks (such as the Credit Institutions Act) or relevant permits, authorizations, or concessions complement.....

The Spanish Official Gazette published last October 16th legislation enacting a new indirect Tax on Financial Transactions levied, at 0.2%, on the acquisition of shares of major Spanish listed companies irrespective of the residence of the parties intervening and of the place where the shares are negotiated. Such transfers were previously not taxable in Spain. Though the tax falls on the buyer, relevant obligations as taxpayers are established for intervening financial institutions, market...By:...

Returns from Asia-Pacific merger arbitrage positions have proved consistently attractive over time, offering the additional benefit of portfolio diversification when compared to other equity strategies where returns are more susceptible to the vagaries of market cycles. With a new wave of mergers and acquisitions (M&A) activity and promoter led take-private deals, buoyed in some key markets by heightened geopolitical tensions, merger arbitrage thrives as an investment strategy for well-prepared...

Practitioners and dealmakers have lived under the Hart-Scott-Rodino (HSR), reporting requirements for a long time and have developed a pattern and practice for assessing reporting obligations and managing compliance and risk. Major disruptions to the regimen are typically unwelcome – especially where they come with new and expanded reporting obligations. They may be on the way under a proposed rulemaking which would expand reporting requirements in several significant ways, and potentially...By...

Government approval is required for all foreign investments from countries sharing a land border with India - Non-residents investing in India are required to comply with India's Foreign Direct Investment (FDI Policy and other foreign investment and foreign exchange regulations, including the Foreign Exchange Management Act (FEMA) and the regulations and notifications thereunder. The FDI Policy is issued and revised from time to time by the Department for Promotion of Industry and Internal...B...

The New York City Department of City Planning (DCP) provided greater detail on its proposal to rezone nearly 56 blocks of the SoHo and NoHo neighborhoods of Manhattan, which includes the following key features......By: Kramer Levin Naftalis & Frankel LLP

Frazier Healthcare Partners has announced it has acquired Accuity Delivery Systems....By: McGuireWoods LLP

Global dealmaking slowed dramatically in 2020, as the world grappled with the health, economic and political consequences of the COVID-19 pandemic. Lockdowns hobbled economies across the globe, driving deal value and volume down to levels not seen since the global financial crisis....By: White & Case LLP

On 27 October 2020, the UK Takeover Panel (the Panel) published Public Consultation Paper 2020/1 (the PCP), which proposes significant changes to the UK Takeover Code (the Code) with regard to the offer timetable and the treatment of conditions to offers....By: Skadden, Arps, Slate, Meagher & Flom LLP

Under the Occupational Safety and Health Administration’s multiemployer worksite doctrine, a company can be cited for safety violations that it did not create and for hazards to which its own employees were never exposed. The doctrine is used most often in the construction industry, where a general contractor (GC) is cited for safety violations committed by a subcontractor used on the worksite....By: Parker Poe Adams & Bernstein LLP