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The SEC Backs Off on Proxy Advisory Firms
On November 17, the SEC proposed new rule amendments that would eliminate the core of the new requirements it imposed on proxy advisory firms in July 2020. The SEC had previously announced it would not enforce these requirements, so the process between proxy advisory firms and subject companies will be largely unregulated, much as it…
Gun Jumping in M&A: General Court Judgment Affirms Strict Approach in Altice
The EU merger control regime imposes strict limitations on the interactions between parties pending merger clearance, to ensure there is no premature implementation of the transaction. Recent court decision has far-reaching consequences on drafting and negotiation of customary “interim covenants” in M&A agreements.
This alert memo discusses the principles established by the EU General Court…
UK Public M&A Round-Up – Autumn 2021
Welcome to the Autumn edition of our UK Public M&A Round-up.
This issue includes:
- UK Public M&A Snapshot Q3 2021: Key themes over the past quarter.
- Rollovers in UK Public M&A Transactions: Why have rollovers been rising up the agenda?
- How Target Shareholders are Attacking Bids on Valuation Grounds: Why is this becoming more common
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Cleary Gottlieb – M&A-Telegram Germany Q3/2021
Please click here for the latest edition of the Cleary Gottlieb M&A Telegram for Germany.
The Shareholder Rights and Activism Review, 6th Ed.
Cleary Gottlieb partner Michael Ulmer authored the “Germany” chapter in The Shareholder Rights and Activism Review, which was published by The Law Reviews.
The chapter discusses the legal framework and emerging trends of shareholder activism in Germany.
To read the chapter, click here.
Final Rules for UK-listed SPACs
On July 27, 2021, the Financial Conduct Authority (“FCA”) published a policy statement that includes final rules amending the UK Listing Rules, and new associated guidance, applicable to special purpose acquisition companies (“SPACs”). The new rules and guidance came into force on August 10, 2021.
The final requirements are based on the FCA’s earlier consultation…
UK Public M&A Round-up
Welcome to our UK Public M&A round-up. Our round-up will feature select topics that highlight notable themes, trends and developments in the UK public M&A space.
Continue Reading UK Public M&A Round-up
New UK National Security Regime To Come Into Force In January 2022
On 20 July 2021, the UK Government announced that the National Security and Investment Act 2021, which was passed on 29 April 2021, will come into force on 4 January 2022. This new regime for review of investments on national security grounds will be among the most wide-ranging in the world. It represents the most…
Cleary Gottlieb – M&A-Telegram Germany Q2/2021
Please click here for the latest edition of the Cleary Gottlieb M&A Telegram for Germany.