Legal News

Foreign investment has been ripe for legislative change in the United Kingdom. The latest development came on 11 November 2020, as Prime Minister Boris Johnson announced the National Security and Investment Bill 2020 (the Bill), which overhauls the current merger and acquisition rules in relation to foreign investment. ...By: Cadwalader, Wickersham & Taft LLP

The table below sets out an overview, based on our current awareness of the position as regards foreign investment control, of the different approaches being taken by authorities around the world in response to the Covid-19 coronavirus pandemic. It will be updated regularly to track the situation as it evolves. Please see full Publication below for more information....By: Allen & Overy LLP

On October 20, 2020, TransPerfect Legal Solutions (TLS) hosted an inaugural conference on recent developments in antitrust clearance and merger enforcement proceedings. This article is the first of a three-part series highlighting the major takeaways from each session of the conference....By: TransPerfect Legal Solutions

On 11 November 2020, the UK government announced the long-awaited and wide ranging reforms to the regulation and scrutiny of foreign direct investment. Introducing a mandatory notification system for affected transactions, the National Security and Investment Bill (Bill) will strengthen the UK’s ability to investigate and intervene in mergers, acquisitions and other types of deals that could threaten the UK’s national security. The government hopes the Bill strikes a suitable accord between......

Most state mortgage finance, consumer credit, collection agency, sale finance, and money service business licensing laws have a provision that dictates what needs to be done or what needs to be filed in connection with the change in control of a licensee, such as when a licensed entity is going to be acquired by a new owner, when an investor looks to acquire a licensed entity, or when the ownership of a licensee is restructured. All too often the state filing obligations that arise in connection...

In the latest installment of our bid protest spotlight (featured on Law360), we analyze three Government Accountability Office (GAO) decisions that provide important reminders for companies considering whether to protest a contract award. In Chronos Solutions, LLC, the GAO held it was unreasonable for an agency to construct its procurement without regard for the changed circumstances resulting from the ongoing COVID-19 pandemic... Originally published in Law360 November 9, 2020....By: Morrison ...

Wednesday the UK government introduced the National Security and Investment Bill (the "Bill") to Parliament. The Bill strengthens the government’s power to scrutinise, impose conditions and block foreign investments into specified sectors which may harm the UK's national security....By: Orrick, Herrington & Sutcliffe LLP

Kilpatrick Townsend’s Larry Prosen recently joined other expert panelists at a Washington Building Congress webinar to discuss the topic of “So Close and Yet So Far – Some Fundamental Differences Between U.S. and U.K. Construction Law.” There are similarities, highlighted by substantial differences, between U.S. and U.K. litigation. Please see full article below for more information....By: Kilpatrick Townsend & Stockton LLP

Qatar is already using a form of public private partnership (PPP) structure to deliver projects in its water and power sectors, and has recently expanded the PPP model to other sectors. Ashghal recently awarded the first PPP package to a private real estate company for the design, build, finance and maintenance of eight public schools across Qatar for a 25-year term. The schools will be leased to the government after construction. This is the first phase of the government’s plan to deliver 45.....

ON 11 NOVEMBER 2020 THE UK GOVERNMENT PUBLISHED ITS NATIONAL SECURITY AND INVESTMENT BILL. IF THE BILL IS ENACTED AND COMES INTO FORCE IN SUBSTANTIALLY ITS CURRENT FORM (WHICH SEEMS VERY LIKELY), IT WILL PROVIDE THE GOVERNMENT WITH WIDE-RANGING POWERS TO INTERVENE IN TRANSACTIONS ON NATIONAL SECURITY GROUNDS AND, IN RELATION TO CERTAIN KEY SECTORS, WILL REQUIRE MANDATORY PRE-CLEARANCE. The Bill reflects the Government White Paper published in July 2018 with some significant changes; in...By: We...