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09 February 2012
Glencore and Xstrata’s proposed $90 billion (£56.8 billion) recommended all-share merger will be conducted as a scheme of arrangement, includes a £298 million reverse break fee and requires antitrust clearance in five countries
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09 January 2012
Brazil’s first mid-market investment into the US has used the increasingly popular top-up option to close the two-step merger
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14 December 2011
A first of its kind bank merger has seen Deutsche Bank use the cross-border merger directive to convert its Portuguese and Hungarian subsidiaries into branches of the German parent company
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23 November 2011
One of Europe’s biggest banking M&A transactions this year involved intense negotiations over material adverse change (MAC) clauses to deal with market turbulence, according to a lead lawyer on the deal
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23 November 2011
M&A structures in Indonesia are developing strange quirks, as a result of a desire to sell public companies. Here are the key difficulties
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17 November 2011
Lawyers on the Anglo American/De Beers deal navigated third party pre-emptive equity rights and utilised an anti-embarrassment clause in the $5.1 billion acquisition
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21 September 2011
The anxiously awaited first prosecution under the new UK Bribery Act (UKBA) has surprised the industry
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21 September 2011
Pension provider Pointon York’s formal sale does not expose a loophole in the UK Takeover Panel’s new requirement for bidder identification, a corporate lawyer has warned
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21 September 2011
SABMiller’s A$9.9 billion ($10.2 billion) recommended cash offer for Australian liquor company Foster’s Group is structured through a scheme of arrangement and utilises cash-settled equity swaps, it has been announced
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08 September 2011
The lawsuit filed by the DoJ last week to block AT&T’s acquisition of T-Mobile caught the corporate sector by surprise. Here, US antitrust attorneys have their say on the case
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22 February 2012
Private equity firms dealing in take privates on Chinese companies are facing increased execution risks, with due diligence costs spiraling
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09 February 2012
A Canadian Competition Deputy Commissioner has responded to concerns over the January 11 Merger Review Process Guidelines, saying the new rules are a reflection of current practice
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27 January 2012
Lawyers in Mainland China have urged companies to screen all M&A deals, regardless of size or location, ahead of new Ministry of Commerce of the People's Republic of China (Mofcom) merger rules which take effect February 1
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13 January 2012
Foreign direct investment into Brazil will increase if a bill that make companies liable for corrupt business practices is passed, Sao Paulo Federal Appeals Court Judge Fausto De Sanctis has told IFLR
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12 January 2012
It’s only a matter of time before financial incentives to report US securities and commodities law violations start impacting the UK market, lawyers have warned
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23 December 2011
Brazil, Argentina and Ecuador are the latest to shake-up the region’s diverse and often unusual antitrust rules
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23 December 2011
Chinese state-owned enterprises’ increasing European investments are causing competition concerns at the EC. Here’s what the regulators are focusing on
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08 November 2011
A Chinese government decision to fast track rules on renminbi-settled foreign direct investment (FDI) is indicative of authorities’ concerns over the outflow of money from the country, according to market participants
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08 November 2011
Small and mid-cap companies operating internationally are having to readdress their corruption compliance programmes following a record number of Foreign Corrupt Practices Act (FCPA) enforcement actions last year, and a shift away from the Act’s traditional focus on large companies
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03 November 2011
Fairness opinions are an important part of most deal agreements, but are not always necessary and will not help justify transactions where the financial analysis is crafted to rationalise the deal. This is the position affirmed in recent Delaware Court of Chancery shareholder litigation
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02 November 2011
Shareholder passivity, executive compensation and the role of the media emerged as the topics to watch in the IBA session ‘Shareholder activism: how shareholders drive change and how boards and advisers respond’ on Wednesday November 2
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02 November 2011
Although the UK Bribery Act has focused attention on the UK regime, other countries ramping up their anti-corruption initiatives
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26 October 2011
Settlement in Del Monte’s closely-watched shareholder litigation does not mark the end of stapled finance or winning bidder finance, but US counsel predict market expectation to shift away from banks working both sides of deals
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25 October 2011
Leveraged loan covenants are showing banks’ hesitancy to finance all but the strongest of credits. More robust market flex terms and bigger equity checks have characterised deals coming to market during summer
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20 October 2011
Fewer deals will face antitrust review under Brazil’s long-awaited antitrust bill, expected to soon be signed into law. But a larger number could be blocked
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19 October 2011
A more prudent approach to third party consents may be required when closing reverse triangular mergers (RTM) following an unexpected Delaware Court of Chancery decision earlier this year
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18 October 2011
Lawyers in Singapore see proposed amendments to the Singapore Companies Act as symbolic of a move away from a UK-centric to a more locally-customised corporate law.
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13 October 2011
Yesterday’s publication of the EC’s proposals have prompted speculation that the scheme will soon encompass financial services
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05 October 2011
Canadian companies listed on the Toronto Stock Exchange (TSX) may be subject to new regulations on board elections sooner rather than later. The TSX bypassed the slower Ontario Securities Commission (OSC) rulemaking process and proposed its own reforms last month
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22 September 2011
New US Department of Justice (DOJ) guidelines on conduct remedies suggest more vigorous enforcement of vertical mergers, some attorneys have commented
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07 September 2011
An increasing number of Canadian companies are looking to revise their international corruption compliance procedures following a “watershed” enforcement under the country’s bribery statute, according to competition partners
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07 September 2011
The Chilean pensions regulator has disapproved general investment into Irish domiciled Ucits funds, following the country’s sovereign downgrade to junk status
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31 August 2011
Australia will introduce a framework of key intercreditor principles that will change the leveraged finance market forever, IFLR can reveal