The second of three packages of proposed 2020 amendments to the German rules on control over foreign direct investments (FDI), effective on July 17, 2020, brings a scheme of severe civil and criminal penalties and lays the groundwork for broader and intensified scrutiny of FDI. The new rules, this time primarily entailing changes to the German Foreign Trade and Payments Act (AWG), supplement the first tranche of 2020 amendments to FDI screening in Germany that reflected the new public interest.....
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On July 22, 2020, China’s State Administration for Market Regulation (“SAMR”) published its unconditional approval of the concentration of operators in the Shanghai Mingcha Zhegang Management Consulting Co., Ltd. and Huansheng Information Technology (Shanghai) Co., Ltd. Newly Established Joint Venture Case (the “SMZ Case”). This is a major regulatory development in China in relation to the legitimacy of the VIE structure......By: Morrison & Foerster LLP
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The Miller Act protects subcontractors from nonpayment on federal projects by requiring prime contractors to issue payment bonds. To obtain relief under the Miller Act, a subcontractor must (1) give the prime contractor written notice of its claim within 90 days of the date it last performed work on a federal project and (2) file suit against the bond for any outstanding nonpayment within one year of the date work was last performed......By: Bradley Arant Boult Cummings LLP
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Financial Institutions M&A sector trends: Payments — H1 2020 and outlook for H2 2020. Lockdown utilisation levels encourage cross-border operators to scale-up and private equity investors to pile-in....By: White & Case LLP
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On June 26, 2020, Chancellor Andre G. Bouchard of the Delaware Court of Chancery dismissed breach of fiduciary duty claims brought against former officers and directors of Twenty-First Century Fox, Inc. (“Old Fox”) in connection with a transaction in which it spun off part of its business into a new public company, Fox Corporation (“New Fox”), and sold the rest of its business to The Walt Disney Company in a merger (the “Transaction”). Brokerage Jamie Goldenberg Komen Rev Tru U/A 06/10/08 ...
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Dopo un lungo iter di approvazione il 16 luglio 2020 è stato pubblicato in GU n.178 - Suppl. Ordinario n. 24, il DECRETO-LEGGE 16 luglio 2020, n. 76 (il “DL”), in vigore dal 17 luglio, recante “Misure urgenti per la semplificazione e l'innovazione digitale”....By: Orrick, Herrington & Sutcliffe LLP
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The COVID-19 pandemic has caused cost overruns and project delays that construction owners and contractors could have never imagined before 2020. These unanticipated circumstances can create contract application and interpretation challenges for the unwary construction partner. For example, even if a prime contract expressly requires a specific notice period for change orders, parties can waive or circumvent these requirements in a range of ways. Now, more than ever, prudent construction...By: F...
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What is in store for companies that are on the cusp of financial distress and might be facing potential mergers and acquisitions (M&A) or liquidation? We’re discussing what buyers and sellers should keep in mind while engaging in distressed financial transactions. Joining Michael for this conversation is Ariel Yehezkel. Ariel is a partner in the Sheppard Mullin New York office. He is the Practice Group Leader of the firm’s Corporate and Securities Practice Group. He concentrates his...By: She...
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A handful of large deals struck early in the year provided a few bright spots for Italian M&A activity in H1 2020. A cluster of larger deals in early 2020 helped to put a shine on Italy’s M&A figures for the first half of the year. Despite the huge disruption caused by the spread of COVID-19 and the subsequent lockdown, the US$16.9 billion deal value for H1 2020 was in fact 21% above the value for H1 2019. Deal volume, however, was down 37% in H1 to 185 deals....By: White & Case LLP
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Please join us on August 4, 2020 from 11:30 a.m. to 12:30 p.m. PT for “Key CEQA Compliance Considerations for Vehicle Miles Traveled Analyses.” This complimentary webinar will examine the California Natural Resources Agency’s new guidelines for traffic and transportation impacts analyses under CEQA through legal, planning and technical perspectives. Our panel will provide practical advice for preparing defensible vehicle miles traveled (VMT) analyses....By: Nossaman LLP
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