Deal analysis

  • Lessons from Southern Cross restructuring

    21 Dec 2011

    Restructuring solutions are becoming more complex, more expensive and taking longer to implement, according to Clifford Chance’s restructuring team

  • Deutsche mergers create pan-European bank model

    14 Dec 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

  • MAC risks shown by Sberbank merger

    23 Nov 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

  • The Indonesian M&A structuring quirks to watch out for

    23 Nov 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

  • Anglo American’s De Beers purchase explained

    17 Nov 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

News analysis

  • Will this time be different?

    23 Dec 2011

    The same issues behind Japan’s Olympus scandal were raised 20 years ago. Will attitudes change this time?

  • LatAm’s new competition

    23 Dec 2011

    Brazil, Argentina and Ecuador are the latest to shake-up the region’s diverse and often unusual antitrust rules

  • Europe on alert

    23 Dec 2011

    Chinese state-owned enterprises’ increasing European investments are causing competition concerns at the EC. Here’s what the regulators are focusing on

  • Olympus accounting scandal: lessons learnt and questions raised

    25 Nov 2011

    The scandal engulfing Olympus, has thrown into question the country’s readiness for foreign involvement. But a 20-year old call to action on the same compliance issues rubbishes the notion it will prompt any significant regulatory reform

  • What to expect from Indonesian private equity

    23 Nov 2011

    A lack of vibrancy and liquidity in Indonesia’s capital markets is hampering development in the country’s private equity sector

  • Blackrock relieved with final reporting rules

    09 Nov 2011

    Managing director says SEC and CFTC decision to reduce reporting requirements is “a big win"

  • FDI revisions reveal PBOC’s currency fears

    08 Nov 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

  • Small companies face tougher FCPA scrutiny

    08 Nov 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

  • Why German restructuring reform must be bolder

    08 Nov 2011

    Countdown has begun to the biggest overhaul of Germany’s insolvency legislation, but lawyers predict more amendments are needed if the proposed reforms are to be effective

  • When you need a US fairness opinion

    03 Nov 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

  • How shareholder activism has changed

    02 Nov 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

  • Three PE deal-breakers revealed

    02 Nov 2011

    Negotiations between companies and private equity investors can be difficult, requiring time, diplomacy and collaborative discussions

  • Why anti-bribery is a global problem

    02 Nov 2011

    Although the UK Bribery Act has focused attention on the UK regime, other countries ramping up their anti-corruption initiatives