Legal News

December 31, 2020, is the last day of the Brexit transition period under the Agreement on the Withdrawal of the United Kingdom of Great Britain and Northern Ireland From the European Union and the European Atomic Energy Community (Withdrawal Agreement). After the end of the period......By: Skadden, Arps, Slate, Meagher & Flom LLP

The Small Business Administration issued long-awaited rules governing lender and borrower obligations when there is a change in ownership of an entity that has received a Paycheck Protection Program (“PPP”) loan. The new guidance, issued on October 2, 2020, eliminates the need for SBA approval for many merger or sale transactions, but injects a host of additional procedural and compliance requirements—including that the outstanding balance of the PPP loan be placed in escrow—that could creat...

The Small Business Administration’s latest guidance tells PPP lenders under what conditions they may approve changes of ownership involving PPP borrowers. Standard PPP loan paperwork has required PPP borrowers to seek consent from their lenders prior to effecting a “change of ownership.” PPP lenders require this consent because they, in turn, are required to report such events to SBA....By: Pillsbury Winthrop Shaw Pittman LLP

In this episode, we interview Matthew Maletta, executive vice president and chief legal officer of Endo Pharmaceuticals. Matthew was appointed in May 2015 to these roles at Endo Pharmaceuticals, where he has global responsibility for all legal matters affecting the company. Prior to joining Endo in 2015, he served as vice president, associate general counsel, and corporate secretary of Allergan. In this position, he served as an advisor to the chief executive officer and board of directors and.....

COVID-19 has had a major impact on all aspects of our daily lives, including construction and projects. Claims, delays, losses of productivity, and PPE have developed and arisen from this new pandemic. Moderated by Kilpatrick Townsend’s Larry Prosen, a construction and government contracts partner, the Washington Building Congress (WBC) Member Chat Group’s first Thursday Chat Group covered these topics in a moderated, open-forum discussion limited to 20 members of the WBC. Please see full...B...

During FY 2019, the Japan Fair Trade Commission ("JFTC") received 310 notifications, which is a 3.4 percent decrease from FY 2018. It provided clearance for 300 cases at Phase I review. Two cases were sent to Phase II review. Among cases the JFTC provided clearance during FY 2019, remedies were required for four cases. The JFTC reviewed six cases even though those did not require pre-notifications..  ...By: White & Case LLP

On September 3, 2020, the Antitrust Division of the U.S. Department of Justice (the “Division”) issued an updated version of its Merger Remedies Manual (“Manual”). Foremost among the changes to the newly issued Manual is the Division’s emphasis on structural remedies as opposed to behavioral remedies......By: Vinson & Elkins LLP

Although special-purpose acquisition companies (SPACs) have been used for decades as alternative investment vehicles, they have recently come into vogue as seasoned investors and management teams have turned to SPACs to mitigate the increased market volatility risk of traditional initial public offerings (IPOs). In fact, 2020 has been a record-breaking year for SPAC IPOs; the proceeds raised in the first eight months of the year have already more than doubled those raised in 2019. This surge has...

What next for Taiwanese banks and businesses? The COVID-19 pandemic's severe impact on the global economy dominated news headlines through the first half of 2020. Many commentators believe that Asia-Pacific's financial markets–which already started to look overstretched in late 2019 before the pandemic began–are due for a prolonged, painful downturn.......By: White & Case LLP

Key Takeaways: - FTC commissioners have seven year terms and cannot be removed for political or policy reasons. - Absent a resignation, Republican commissioners will retain control of the FTC until 2023. - Companies should expect a high degree of continuity well into a potential Biden Administration........By: Dechert LLP