The IFLR guide to Mergers and Acquisitions 2005

  • Overview: Break fees: an international perspective

    Richard May of Simmons & Simmons examines the legal issues to be considered when using break fees in cross-border corporate transactions

  • European overview: EU Directive fails to harmonize takeovers

    Scott V Simpson and Lorenzo Corte of Skadden, Arps, Slate, Meagher & Flom ponder the future direction of takeover regulation in Europe

  • Australia

    Geoff Hone, Bruce Dyer and Bill Koeck of Blake Dawson Waldron

  • Austria

    By Peter M Polak of Fiebinger, Polak, Leon & Partners

  • Belgium

    By Vincent Dirckx and Dirk Lontings of Lontings & Partners

  • Brazil

    By Paulo Cezar Aragão of Barbosa, Müssnich & Aragão

  • China

    By Larry Kwok and Jeffrey Mak of Mallesons Stephen Jaques

  • Czech Republic

    By Josef Broz, Jiri Nemec, Petr Mlejnek and Tomas Pesek of Brzobohaty Broz & Honsa

  • Finland: Finnish companies divest non-core businesses

    Nina Wilkman and Maria Carlsson of Borenius & Kemppinen Ltd look back at the Finnish M&A market in 2004 and predict market trends in 2005

  • Germany: Why managers need to be wary

    Managers should not be lulled into a false sense of security by the scarcity and narrowness of special M&A rules. Plenty of general law imposes obligations on company managers, says Reinhard Pöllath of P+P Pöllath + Partners

  • Indonesia

    By Iril Hiswara, Sakurayuki and Brian Scott of Hiswara Bunjamin & Tandjung

  • Ireland

    By Abigail St John Kennedy of Dillon Eustace

  • Italy

    By Vittorio Noseda and Paolo Gallarati of NCTM - Studio Legale Associato

  • Japan

    By Bryan Dunn, Atsushi Yamashita and Noriaki Tanimoto of Clifford Chance Tanaka Akita & Nakagawa

  • Korea

    By Jong Koo Park, Yun Goo Kwon and Hans E Kim of Kim & Chang

  • Mexico

    By Gabriel I Aguilar B, Fernando Santamaría-Linares, Sandro Castañeda Ricci and Martha Elizabeth Altamirano Ortiz of PricewaterhouseCoopers, Mexico City

  • The Netherlands

    Johan Kleyn and Jan Louis Burggraaf of Allen & Overy LLP

  • Poland

    By Krzysztof Wierzbowski, Monika Smolarek and Marcin Rogala of Wierzbowski Eversheds

  • Russia

    James Mandel and Delphine Nougayrède of EY Law

  • Singapore

    Ng Wai King and Kenny Kwan of Venture Law LLC, Singapore

  • Slovenia

    By Nina Selih, Natasa Pipan, Gregor Simoniti and Helena Vraniã of Selih and Partners

  • South Africa

    By Jonathan Schlosberg, Derek Lotter and Francois Terblanche of Bowman Gilfillan

  • Spain: Cross-border conflicts solved by domestic law

    Fernando Vives and Daniel Parejo of Garrigues highlight the precedents of cross-border mergers in Spain, and the status of EU and Spanish legislative measures to promote international cooperation between companies

  • Switzerland

    By Martin Weber, Andrea Grimm, Oliver Triebold and Lorenzo Olgiati of Schellenberg Wittmer

  • Taiwan

    Rich Lin, Mark J Harty, Brian Yu, Victor I-Hsiu Chang of LCS & Partners, Taipei

  • United Kingdom

    By Stephen Wilkinson, Malcolm Lombers and James Quinney of Herbert Smith

  • United Kingdom: How Europe is stretching debt packages

    The leveraged acquisition market is funding ever-increasing purchase prices by stretching debt and introducing second liens. Richard Sharples of Clifford Chance LLP explains

  • United Kingdom: Hedge funds challenge traditional M&A models

    With their increased investment power and use of creative strategies, hedge funds have become a force to be reckoned with. By Edward Braham, David Higgins, Stephen Hewes and Bruce Embley of Freshfields Bruckhaus Deringer

  • United Kingdom: Deal protection measures in the UK

    Parties to takeovers in the UK are able to use a range of measures to minimize the risk of public takeovers being thwarted. Alan Montgomery, Gavin Davies and James Palmer of Herbert Smith explain

  • United Kingdom: After IBA: UK merger control in 2004

    Michael Cutting of Linklaters reviews developments in UK merger control over the last 12 months and considers the Competition Commission's approach to second phase merger review

  • United Kingdom: UK takeover regulation: no change or sea change?

    In implementing the EU Takeover Directive, the UK is trying to keep changes to its takeover regime to a minimum. But hopes that this will be the result might be dashed. By Christopher Saul of Slaughter and May

  • United States: Bridging the gap: representations and warranties insurance

    Howard T Spilko of Kramer Levin Naftalis & Frankel LLP addresses how representations and warranties insurance works and why parties to an acquisition agreement obtain this insurance

  • United States: Foreign influences on US going-private transactions

    Internationalization of the market means that traditional US ways of taking a company private are being increasingly influenced by foreign practices. Richard Hall of Cravath, Swaine & Moore LLP explains

  • United States: What buy-side directors need to know

    Directors of target companies are subject to a wealth of well-known complex duties. William D Regner of Debevoise & Plimpton LLP investigates whether the same is true of directors of acquiring companies