Legal News

A handful of tech’s biggest leaders—the CEOs of Facebook, Twitter, and Google, to be precise—descend upon the Hill today for a Senate Commerce Committee hearing on content monitoring and Section 230, the “slim and powerful law . . . that shields internet companies from liability for most of the material their users post.”...By: Robins Kaplan LLP

One The Takeover Panel has announced today proposals to make substantial changes to the UK Takeover Code. These are the most significant changes to the Code since the September 2011 amendments in the wake of the Kraft/Cadbury hostile offer. The proposals will remove the anomalous treatment of the UK ("CMA") and European ("EC") competition conditions. Alongside this, the Panel has proposed changes to the contractual offer timetable which are intended to simplify the offer timetable and...By: Whi...

Complicated by an unprecedented global pandemic, businesses in Florida’s construction industry have been further burdened by the anticipated challenges of an active 2020 hurricane season. Since June 1st, the industry has been braced for threats to construction sites and businesses while responding to the health and safety requirements necessary to manage COVID-19. Now facing the final stretch of hurricane season and a looming threat from Tropical Storm Zeta, Florida construction businesses...By...

One of the key refrains of national politics recently has been that we need to address, repair, and replace aging infrastructure. Of course, this leads to the core problem of funding as the amount of infrastructure construction and maintenance currently needed in the U.S. is staggering. The federal government recently put off dealing with this growing problem by extending funding for federal highway and public transportation programs for one year. The current infrastructure authorization bill,.....

Construction loans with companion mezzanine loans raise a host of concerns that are unique to more standard ICAs between a mortgage lender and a mezzanine lender. An intercreditor agreement (ICA) involving a construction loan raises a host of complicated and unique issues that are not addressed in the typical ICA....By: Pillsbury Winthrop Shaw Pittman LLP

Lion Equity Partners has announced its affiliate, Lion Equity Holdings II, has acquired T-Y Group and Harbor Linen (TY-Harbor) from Bed Bath & Beyond....By: McGuireWoods LLP

A previous article by our firm has sorted out and summarized privatization transactions. As a companion article, this article will discuss a very important but easily overlooked issue in privatization transactions. The privatization transactions of listed companies usually involve multiple major shareholders or external investors, and the company’s senior management members sometimes participate in it. In such a buyer group-led transaction, the members of the buyer group must negotiate their......

Most developers are familiar with the notion that under California’s Subdivision Map Act, the vesting tentative map statutes provide a way of fixing a developer’s rights.  Put simply, obtaining a vesting tentative map allows a builder to rely on the regulations, conditions, and fees existing at the project planning stage even though the development might take years to complete.  This brings some degree of certainty for the economics of a long-term project......By: Patton Sullivan Brodehl LLP

Reversing the trial court, the Delaware Supreme Court has held that an appraisal proceeding does not constitute a “Securities Claim” under a D&O policy.  In re Solera Insurance Coverage Appeals, Nos. 413,2019 and 418,2019 (Del. Oct. 23, 2020)....By: Wiley Rein LLP

The UK has become one of the latest in a line of countries around the world to tighten FDI screening rules in the context of the COVID-19 pandemic. The legislative changes that were passed recently affect the rules in two respects. They introduce the public health emergency as a new public interest consideration. They also lower the intervention thresholds for transactions in certain sensitive technology sectors. Similarly to other jurisdictions, the measures aim to protect key domestic...By: De...