In the second quarter of 2023, global antitrust enforcement maintained a consistent presence, specifically in the technology domain. As per recent reports, the US Federal Trade Commission (FTC) and Department of Justice (DOJ) have announced a series of proposed guidelines that primarily focus on the technology mergers happening within the country. Simultaneously, major tech deal…
Recent reports indicate a downwards turn for DWF Group PLC. Despite a modest increase in the UK-listed law firm’s revenue, firm leaders have expressed the unprecedented decision not to engage in significant mergers and acquisitions in the foreseeable future. This stance has been attributed to current economic pressures. The report comes ahead of an anticipated…
Mergers and acquisitions (M&A) have remained relatively languid within the healthcare sector as we moved into the latter half of 2023. However, there is an air of expectancy that this lethargy might be lifted soon. Experts, such as M&A lawyer Matt Gardella from Mintz, argue that market conditions hint towards a resurgence in biopharma M&A…
In an ever-evolving digital landscape, legal professionals must stay updated on changes and trends impacting global legal affairs. This article addresses a few significant developments relevant to corporate lawyers, those in big law firms, and legal teams in multinational corporations. Each topic discussed pertains to a recent legal event or jurisprudence that may influence future…
The anticipated challenge posed by the Federal Trade Commission (FTC) to the sizable $25 billion merger between supermarket chains, Kroger and Albertsons, is casting a spotlight on the FTC’s newly established, yet controversial, merger guidelines. Experts from the mergers and acquisitions sector are closely monitoring this situation, considering the implications it might hold for future…
In an update from our previous reporting on July 7, it seems that the Federal Trade Commission (FTC), with the agreement of the U.S. Department of Justice, has decided to extend the comment deadline on changes to the Hart-Scott-Rodino (HSR) Act of 1976’s premerger notification process. These proposed changes would be sizable and demand a…
The US federal antitrust enforcement bodies have released a long-awaited draft of merger guidelines, according to JD Supra. These new draft guidelines are geared towards shaping the review process of mergers and acquisitions and embody significant changes to the existing enforcement policy. This update holds substantial implications for future Mergers & Acquisitions (M&A) plans of…
There has been a remarkable change in the metrics used to calculate earnout payments in recent years. According to analysis of the Goodwin Private Equity Deals Database, there’s a shift towards the use of EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) as a crucial determinant. The analysis indicates that EBITDA became almost as prevalent…
Adding to its international footprint, the Japanese law firm TNY Group is preparing to inaugurate its first office in India. This comes following India’s decision half a year prior to liberalize its domestic legal market. The recent establishment of the TNY Group came in 2021, under the co-guidance of managing partners Yuji Tsutsumi and Takahisa…
Stroock & Stroock & Lavan LLP, a renowned law firm, announced on Monday its plan to initiate a full buyout of its pension. This move comes as the firm is reportedly in the process of seeking a merger with another firm. The pension buyout has been voted on and approved by a requisite majority within…
As of now, the EU Foreign Subsidies Regulation (FSR) – which oversees cross-border monetary contributions – has officially taken effect. The European Commission (EC) will gain increased regulatory power thanks to the FSR. This outcome comes as part of a commitment to reduce distortion to competition within the EU’s internal market, a disruption which traditionally…
The U.S. Department of Justice (DOJ) and Federal Trade Commission (FTC) have issued draft guidelines concerning the application of U.S. antitrust laws to merger investigations. This represents a significant shift in policy direction, calling into question decades of legal precedent on merger enforcement. Significantly, the draft guidelines propose an abandonment of competitive effects analyses, which…
In a recent development in the healthcare and life sciences private equity space, WM Partners has completed the acquisition of Allergy Research Group from Kikkoman Corp. This transaction marks a significant venture for WM Partners into the thriving sector of healthcare. As reported by JD Supra, the details of the transaction have not been fully…
Recently, the Federal Trade Commission (FTC) and Department of Justice (DOJ) presented drafts of their proposed new Merger Guidelines. The main purpose of these revisions is to reflect and respond to the realities of the modern economy. These proposed guidelines will offer a new set of overarching principles for the FTC and DOJ to implement…
While artificial intelligence (AI) may be a fairly recent addition to tech stacks generally, M&A lawyers are quite accustomed to this form of technology. Having been incorporated into their utilities for some time, near about a decade now, AI is not a newcomer in the world of mergers and acquisitions law. The increase of AI…
As the globe continues to navigate an uncertain economic landscape, with challenges such as climbing interest rates, inflation and the looming threat of a potential recession, the Mergers and Acquisitions (M&A) activity landscape is also adjusting. Industry experts suggest that the future may include an increased prevalence of transactions involving distressed targets, particularly within the…
In a noteworthy development from the world of law, Osler, a leading Canadian law firm, has appointed a new co-chair from its Toronto Mergers and Acquisitions (M&A) division. Notably, alongside this significant change, the firm has also welcomed new partners into its Intellectual Property (IP) and real estate divisions, showing a clear commitment to expansion…