The Paris office of Hogan Lovells has released its monthly legislative and regulatory newsletter, which encapsulates the legislative and regulatory news for September 2023. This information is being communicated for informational purposes and does not purport to be exhaustive or constitute legal advice. The entire information is provided on their website. Unfortunately, the full text…
The annual HLTH conference is always a vital conduit for the most poignant discussions and innovative ideas in the healthcare sector. 2023’s edition was no different, and Sheppard Mullin has collated the highlights into a cohesive top 10 list of takeaways. The report identified several recurring themes throughout the conference, such as the shift in…
Nishimura & Asahi, the largest law firm in Japan by headcount, has grown its corporate offering in Thailand. M&A lawyer Christopher Osborne, lately a partner and head of the Thai corporate practice at Watson Farley & Williams in Bangkok, has joined the Big Four Japanese firm as a partner. More information regarding the hire was…
The colliding worlds of Mergers and Acquisitions (M&A) and corporate compliance have entered a new era. The U.S. Department of Justice (DOJ) is offering greater leniency to companies that voluntarily self-disclose misconduct identified within a company being acquired. Until recently, the general counsel and M&A advisors prudently treated compliance with a careful degree of caution….
According to a recent announcement by Deputy Attorney General (AG) Lisa Monaco, the US Department of Justice (DOJ) has introduced a new safe harbor policy for voluntary self-disclosures related to mergers and acquisitions (M&A). The announcement, which took place on October 4, 2023, was made in a speech delivered during the Society of Corporate Compliance…
When it comes to the taxable purchase and sale of an incorporated business, there are typically two main structural options: asset acquisitions and stock sales. Each approach is characterized by distinctive legal considerations and potential tax ramifications that legal professionals must understand to effectively guide their clients. This in-depth discussion by Ward and Smith,…
Ogletree Deakins recently added Carly Grey as a shareholder in their Washington offices, according to a recent announcement from the law firm. Grey, who is an experienced attorney in employee benefits and executive compensation matters, is transitioning from her prior role as a partner at Morgan Lewis. Grey’s expertise spans across various areas of employee…
In a considerable move concerning mergers and acquisitions, Deputy Attorney General Lisa Monaco has conducted a speech revealing the Department of Justice’s (DOJ’s) latest Safe Harbor measures in the sphere of the Foreign Corrupt Practice Act (FCPA). The announcement took place at the 2023 SCCE Compliance and Ethics Institute. The clarification on the DOJ’s position…
Vedder Price, a reputable law firm, has recently announced that Kate F. Buckley has joined their New York-based finance and transactions group as a shareholder (Bloomberg Law). Buckley brings a wealth of experience to Vedder Price, particularly in the domain of mergers, acquisitions, and related transactional issues. She will be representing a wide range of…
Recently, the U.S. Department of Justice (DOJ) unveiled a new M&A Safe Harbor Policy. Designed to stimulate enhanced corporate compliance and amplifying due diligence, the policy encourages the voluntary exposure of any criminal misconduct discovered during merger and acquisition transactions. This is a decisive move by the government in its continued pursuit of corporate transparency…
As the global healthcare industry continues to rapidly evolve, Mergers and Acquisitions (M&A) play an increasingly significant role in shaping the landscape. The process has been spurred on by a multitude of factors, including regulatory changes, attempts to achieve economies of scale, and technological advancements. M&A activities in the healthcare sector primarily derive their momentum…
For anyone operating in the realm of legal services, artificial intelligence (AI) is increasingly making its mark. This is nowhere more evident than in the recent high-profile case involving Fugees hip hop star, Pras Michel, who alleges his legal counsel utilized artificial intelligence to construct their closing argument during his witness tampering trial. The trial,…
In what marks a notable shift in policy, the Department of Justice (DOJ) has unveiled a new ‘safe harbor’ policy for mergers and acquisitions (M&A). This novel approach is particularly impactful for larger corporations and law firms that often navigate these complex legal waters. According to an announcement, this policy is the first of its…
The dynamic world of mergers and acquisitions (M&A) continues to evolve in 2024, following a challenging year in 2023. The global M&A market faced a tumultuous terrain with several distinct trends emerging, namely reduced deal volumes and heightened competition, particularly regarding private equity deals. As confirmed by consulting firm Bain & Company in their 2023…
Dentons, one of the largest law firms in the world, recently announced a key addition to its team. Matthew Gruenberg has officially joined the firm as a partner in the New York venture technology and emerging growth companies practice. Gruenberg is known for his focus on corporate and transactional matters. His work often involves dealing…
In a recent landmark decision involving Trina Solar, dissenting shareholders triumphed on appeal, setting a crucial precedent for businesses engaged in legal proceedings related to mergers. This event has underscored the necessity of a robust merger process and how important it is for a company to ensure all pertinent information is available in appraisal proceedings….
On October 4, 2023, the United States Department of Justice (DOJ) declared a standardized approach for resolving voluntary self-disclosure (VSD) of misconduct found during the course of M&A due diligence. Touted as the Mergers & Acquisitions Safe Harbor Policy (M&A Safe Harbor), this initiative represents a significant development for companies navigating the intricate landscape of…
The United States Department of Justice (DOJ) has recently inaugurated a Mergers & Acquisitions Safe Harbor Policy targeted towards entities that voluntarily disclose criminal conduct discovered during the acquisition of another company. As reported by Dorsey & Whitney LLP on JD Supra, the new enforcement policy could potentially serve as an incentive for acquiring companies…
On October 16, 2023, Clifford Chance, a global law firm with significant presence in key financial centers, announced the addition of Cephas Sekhar to their Houston, Texas, office as a corporate M&A partner. Bloomberg Law reported this latest update within the firm. Sekhar specializes in providing legal support for businesses in intricate transactions. His experience…
The United States Department of Justice (DOJ) has recently made public a new safe harbor policy aimed at voluntary self-disclosures. This policy is particularly associated with matters of mergers and acquisitions. The announcement was made by Deputy Attorney General Lisa Monaco who emphasized the background context of rapid expansion in national security-related corporate crime that…
The law firm of Buchalter Nemer has announced the recruitment of Robert Stemler to join their team as a shareholder. Stemler will be based in the firm’s Orange County, California office, and will operate as a member of the corporate practice group, according to a statement by the firm on Thursday. Stemler brings with him…
U.S. Deputy Attorney General Lisa Monaco recently made an announcement that will significantly impact the way corporations approach merger and acquisition (M&A) transactions. The Department of Justice (DOJ) is introducing a new safe harbor policy, designed to motivate corporations to voluntarily disclose any criminal misconduct discovered during M&A transactions. This policy could have far-reaching implications…
Recent shifts in policy from the Department of Justice (DOJ) could significantly impact how legal professionals approach negotiations and due diligence in mergers and acquisitions (M&A). The DOJ’s newly announced “Safe Harbor Policy” incentivizes voluntary self-disclosure for companies involved in these high-stakes transactions, especially for those mergers and acquisitions that could implicate national security-related regulatory…
In a significant recent development, Microsoft Corp.’s proposed acquisition of Activision Blizzard Inc., valued at $69 billion, has received approval from the UK competition watchdog. This clearance has removed one of the last major global regulatory obstacles preventing the completion of what is set to be the gaming industry’s largest ever deal. The transaction had…
With the introduction of the Foreign Subsidies Regulation (FSR) by the European Commission (EC), the European Union takes a new step towards regulating subsidies granted by non-EU countries. These subsidies, given to businesses actively trading in the EU could potentially distort competition in the region’s markets. The walkthrough of the newly enforced FSR presents a…