Legal News

The Government of Alberta recently introduced the Builders’ Lien (Prompt Payment) Amendment Act, 2020 (Bill) in the Alberta Legislature. The Bill proposes, among other things, the introduction of prompt payment legislation and a formal adjudication process, following similar legislation from elsewhere in Canada, including Ontario and Saskatchewan....By: Blake, Cassels & Graydon LLP

In a recent settled administrative proceeding, the Securities and Exchange Commission (SEC or the Commission) imposed a $20 million fine and a cease-and-desist order on Andeavor LLC, a Texas energy company, in connection with a stock buyback program....By: Kramer Levin Naftalis & Frankel LLP

Robinson+Cole’s Construction Group is pleased to bring you a recap of posts from our Construction Law Zone blog. As we continue to follow developments and trends in all areas of construction law and share our insights on issues important to the industry, including those related to the COVID-19 pandemic. Please see full Publication below for more information....By: Robinson & Cole LLP

While COVID-19 caused a dramatic slowdown to the deal-making boom of the last several years, we expect to see a resurgence in M&A activity in Canada and globally. Reuters reported that, "a deal frenzy in September led to a record third quarter with more than $1 trillion worth of transactions around the world, mostly focused on coronavirus-resilient sectors such as technology and healthcare."...By: Bennett Jones LLP

This year has seen its fair share of change, and the same is true for antitrust laws impacting the health care industry. During this webinar, Bricker health care attorney Jeremy Morris will discuss recent antitrust developments and risks associated with both horizontal and vertical mergers between health care providers. He will also explore how COVID-19 will influence merger activity in 2021....By: Bricker & Eckler LLP

As part of World Law Group's 2020 Fall eConference, the International Corporate Transactions and Restructuring & Insolvency Resolution Groups will host a public webinar "M&A Strategies for the Acquisition of Insolvent/Financially Distressed Targets" on November 10 at 8:30 am EST. We will review and consider some of the strategic opportunities and pitfalls associated with acquiring a financially distressed target. In particular, we will discuss the use of debtor-in-possession (“DIP”) financing...

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...

Governor Newsom pledges extra $200 million for homeless housing - Bullet The Mercury News – October 26 - Governor Gavin Newsom announced a $200 million boost to his Project Homekey homeless housing fund in San Jose last Friday — a major cash infusion that will back several Bay Area projects......By: Allen Matkins