The IFLR guide to Mergers and Acquisitions 2004

  • Editorial

  • Asia

  • ASEAN overview

    Competition laws promote economic development Competition law is at an early stage in most ASEAN countries and their rate of progress is likely to vary. John Mollard of Lovells Lee & Lee explains each member country’s approach

  • Australia

    Geoff Hone, Damian Reichel and Bruce Dyer of Blake Dawson Waldron

  • China

    Jonathan Z Zhou and Michael Qi, Fangda Partners, Shanghai

  • India

    Toral Desai and Gautam Bhat of Desai & Diwanji, Mumbai

  • Indonesia

    Santi Darmawan and Zaky Tandjung of Hiswara Bunjamin & Tandjung, Jakarta

  • Japan

    Koji Fujita and James Masaru Minamoto of Anderson Mori, Tokyo

  • Korea

    Young-Cheol Jeong of Woo Yun Kang Jeong & Han, Seoul

  • Malaysia

    Raslan Loong, Kuala Lumpur

  • New Zealand

    Erich Bachmann and Frank Chan of Hesketh Henry, Auckland

  • Singapore

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

  • Taiwan

    Eric Tsai of Puhua & Associates, Taipei

  • Thailand

    Paiboon Sutuntivorakoon of PBS Law Limited, Bangkok

  • Vietnam

    Truong Nhat Quang, Diep Hoai Nam and Le Cong Dinh of YKVN, Hanoi and Ho Chi Minh City

  • Europe

  • Austria

    Dr Peter M Polak, Fiebinger Polak Leon & Partners, Vienna

  • The Baltics

    When to change a target's managers Gediminas Lisauskas and Egle Lauraityte of Jurevicius Balciunas & Partners, EY Law, discuss the pros and cons of replacing management in an M&A transaction

  • The Baltics

    M&A grows as Baltics join the EU Gediminas Lisauskas and Dalia Tamasauskaite of Jurevicius Balciunas & Partners, EY Law, provide an overview of M&A in the Baltics in 2003

  • The Baltics

    Estonia Hedi Wahtramae of Ernst & Young Baltic AS, EY Law, Tallinn

  • The Baltics

    Latvia Valters Kronbergs and Imants Jansons of Kronbergs Law Office, EY Law, Riga

  • The Baltics

    Lithuania Gediminas Lisauskas of Jurevicius Balciunas & Partners, EY Law, Vilnius

  • Belgium

    Vincent Dirckx and Yolande Meyvis of Lontings & Partners, Brussels

  • Bulgaria

    Structuring leveraged acquisitions in Bulgaria Georgi Spasov and Vassil Hadjov of Spasov & Bratanov discuss the structuring of a leveraged acquisition finance transaction in Bulgaria

  • Finland

    Nina Wilkman and Stefan Wiklund, Borenius & Kemppinen, Helsinki

  • France

    Nicolas Bombrun and François Mary of Latham & Watkins, Paris

  • Germany

    ECJ loosens incorporation law Thomas Schürrle and Elisabeth Huber-Sorge of Debevoise & Plimpton LLP explain how recent ECJ decisions could start a new race among member states to become the Delaware of Europe

  • Germany

    Q&A David F Hickok and Philipp von Holst of Debevoise & Plimpton LLP, Frankfurt am Main

  • Germany

    Loopholes in German takeover law German takeover law fails to provide legal protection for minority shareholders. By Professor Dr Peter O Mülbert and Professor Dr Uwe H Schneider of the University of Mainz. Both are directors of the Centre for German and International Law of Financial Services, Johannes Gutenberg-University, Mainz

  • Greece

    Johnny Vekris and Stathis Potamitis of PI Partners EY Law, Athens

  • Ireland

    Abigail St John Kennedy of Dillon Eustace, Dublin

  • Italy

    Italy reforms company law Alberto Toffoletto and Paolo Montironi of NCTM Studio Legale Associato, Milan, discuss the impact of Italy's new company law on M&A transactions

  • The Netherlands

    Jan Louis Burggraaf and Joyce Winnubst of Allen & Overy Amsterdam

  • Poland

    Krzysztof Wierzbowski, Monika Smolarek and Marcin Rogala of Wierzbowski i Wspólnicy, Warsaw

  • Portugal

    Dulce Franco and Victor Réfega Fernandes of PLMJ - Sociedade de Advogados, Lisbon

  • Russia

    James Mandel and Delphine Nougayrède of EY Law, Moscow

  • Spain

    Pedro Pérez-Llorca and Oriol Armengol of Pérez-Llorca, Madrid

  • Sweden

    How the Sale of Goods Act applies to share transfers Thomas Nygren, Niclas Högström and Sophia Westman Melèn of Hamilton & Co Advokatbyrå discuss how the Sale of Goods Act impacts on the allocation of risk and liability among parties in a share transfer

  • Sweden

    Q&A Thomas Nygren, Niclas Högström and Sophia Westman Melèn of Hamilton & Co Advokatbyrå, Stockholm

  • Switzerland

    Andreas Casutt, Philippe A Weber and Philipp Haas of Niederer Kraft & Frey, Zurich

  • Turkey

    Hergüner Bilgen Özeke, Istanbul

  • United Kingdom

    Break fees common but not always legal Break fees have become an accepted feature of the UK market, but they need careful legal attention. Gavin Davies and James Palmer of Herbert Smith explain

  • United Kingdom

    Q&A Stephen Wilkinson, Malcolm Lombers and James Quinney of Herbert Smith, London

  • United Kingdom

    Bidder's attitude determines M&A success Research shows that a bidder's initial deal attitude determines the success or failure of an M&A transaction. Meziane Lasfer and Kiran Morzaria of Cass Business School, City University, London, explain their findings

  • United Kingdom

    Sellers demand certain funds The UK Takeover Code makes certain funds a common feature of public bids. Now private sellers require the same certainty. Richard Sharples of Clifford Chance explains why

  • United Kingdom

    Legal framework encourages competitive bids Competitive bids are becoming increasingly common in the UK. David Higgins and Edward Braham of Freshfields Bruckhaus Deringer discuss why

  • United Kingdom

    Appeal Court decision clarifies merger control The Court of Appeal's decision in The Office of Fair Trading v IBA Health Limited has implications for UK merger control. By Michael Cutting of Linklaters

  • Americas

  • Brazil

    Paulo Cezar Aragão of Barbosa Müssnich & Aragão, São Paulo

  • Canada

    A Canadian perspective on merger review Paul Collins and Sandy Walker of Stikeman Elliott LLP describe how the Competition Act governs mergers in Canada

  • Canada

    Q&A William J Braithwaite and John J Ciardullo of Stikeman Elliott LLP, Toronto

  • Mexico

    Patricia Hernández-Esparza, Fernando Santamaria-Linares, Constanza Alanis-Uribe and Dalia Goldsmit-Karakowsky of PricewaterhouseCoopers, Mexico City

  • United States

    Q&A Warren de Wied of Fried Frank Harris Shriver & Jacobson LLP, New York

  • United States

    Some idiosyncrasies of US due diligence Richard Hall of Cravath, Swaine & Moore LLP discusses the legal framework and prevailing market practices regarding purchase agreements in the US

  • United States

    PR vital in cross-border deals Joele Frank of Joele Frank, Wilkinson Brimmer Katcher

  • United States

    Economists lend insight into antitrust risk Sumanth Addanki of NERA Economic Consulting explains how econometric analysis can take some of the guesswork out of assessing antitrust risk

  • United States

    The effect of the 13th Directive on US bidders The 13th Directive may disadvantage US and non-EU bidders in contested offers in Europe. By Scott V Simpson, Michal Berkner and Lorenzo Corte of Skadden Arps Slate Meagher & Flom (UK) LLP

  • United States

    The current state of deal protection The Omnicare decision has made directors wary of lock-ups, but Andrew R Brownstein and Laura E Muñoz of Wachtell, Lipton, Rosen & Katz argue that US boards can still use them as a tool to negotiate better deals