Legal News

On August 7, 2020, the Government of Alberta launched Period 4 of the Site Rehabilitation Program (SRP) and released further details about the SRP, including information about the submission process for abandonment work and Phase 1 Environment Site Assessments (ESA), Indigenous company criteria, and further guidance for interim invoice reporting....By: Bennett Jones LLP

People involved in mergers and acquisitions know there are risks inherent in every deal, including the risk that the parties will spend time and money and then the deal will not close. The only certainty in the COVID-19 world these days seems to be uncertainty. Given this unsettled environment, how can parties proactively mitigate these heightened risks?...By: Holland & Hart LLP

One Equity Partners has announced it acquired American Medical Technologies. American Medical Technologies, based in Irvine, Calif., is a provider of advanced wound care, ostomy, urology and tracheostomy supplies and services....By: McGuireWoods LLP

Mere months after Airbus entered into a record-breaking, nearly $4 billion resolution with the U.S., U.K., and France to settle foreign bribery allegations, the U.K.’s Serious Fraud Office (“SFO”) moved on July 30, 2020, to bring additional corruption charges against Airbus. This time, the charges are against subsidiary GPT Special Project Management Ltd. (“GPT”) and three individuals in connection with GPT’s Saudi Arabian operations and alleged corruption by GPT’s former Managing Directo...

Distressed M&A may offer a silver lining for both buyers and sellers ? if you look for that break in the clouds. In episode 10 of our Continuity podcast, Blakes Partners Chris Burr and Olga Kary provide a forecast for what’s on the horizon....By: Blake, Cassels & Graydon LLP

On August 4, 2020, the Court of Appeals of Texas (First District) reversed a trial court’s denial of an engineering firm’s motion to dismiss finding that the plaintiff’s failure to attach the required certificate of merit affidavit to its petition against the engineering firm required dismissal of the petition under the plain language of Tex. Civ. Prac. & Rem. Code § 150.002. § 150.002(a) requires an affidavit or certificate of merit from a qualified professional to accompany a plaintiff’s.....

The Tennessee legislature recently passed the Construction Industry Payment Protection Act (“CIPPA”), SB2681/HB2706, which offers significant changes to the Tennessee construction industry. Not only does the act amend Tennessee’s existing lien laws and construction defect statutes, including the statute of repose for construction and design defect actions, but it also impacts the Prompt Pay Act and the Truth in Construction Act. This is the first of a series addressing the changes and the......

Key Takeaways - The European Commission has adopted a White Paper with proposals for sweeping enforcement powers to address potential distortive effects of foreign subsidies in the EU. The White Paper suggests that the tools that are currently at the EU’s disposal are insufficient to address potential distortions of competition that are specifically caused by foreign subsidies. The White Paper therefore proposes new powers both at the Commission and Member State levels to tackle this perceive...

In Fortis Advisors LLC, v. Allergan W.C. Holding Inc., C.A. No. 2019-0159-NTZ (Del. Ch. May 14, 2020), a shareholder representative appointed pursuant to a merger agreement asserted a claim on behalf of selling stockholders for certain contingent payments. The defendant surviving corporation brought a motion in the Delaware Court of Chancery (the “Court”) to (i) compel the selling stockholders to participate in discovery as parties-in-interest to the action and to be subject to trial subpoenas...

Do Reps and Warranties Insurers Pay Claims? Yes–With Caveats, New Survey Finds- During the last decade, intense deal activity spurred the growth of R&W insurance–an alternative risk-transfer mechanism to indemnify buyers for breaches stemming from a seller’s misrepresentations in acquisition agreements......By: Lowenstein Sandler LLP