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Cross-Border M&A
The German M&A Market – 2022
Please click here for the latest edition of the Cleary Gottlieb M&A Telegram for Germany.
U.S. Treasury Adopts Final Corporate Beneficial Ownership Reporting Rule
Last week, the Financial Crimes Enforcement Network of the Department of the Treasury adopted a final rule (the “Final Rule”) to implement the beneficial ownership reporting requirements of the Corporate Transparency Act, part of the Anti-Money Laundering Act of 2020.
This legislation requires a range of U.S. legal entities, and non-U.S. legal entities registered to…
The German M&A Market – Q3/2022
Please click here for the latest edition of the Cleary Gottlieb M&A Telegram for Germany.
The German M&A Market – Q2/2022
Please click here for the latest edition of the Cleary Gottlieb M&A Telegram for Germany.
Ninth Circuit Denies Class Cert Appeal in Toshiba Securities Litigation Concerning Unsponsored ADRs
In Stoyas v. Toshiba Corp., a securities class action that has produced a number of notable decisions about the application of the federal securities laws to unsponsored ADRs, the Ninth Circuit recently declined to review the district court’s ruling denying to certify a class. In doing so, the Ninth Circuit let stand the district court’s novel ruling, which found the relevant named plaintiff to be an atypical class representative after determining that it had purchased the unsponsored ADRs in foreign transactions.[1]…
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The German M&A Market – Q1/2022
Please click here for the latest edition of the Cleary Gottlieb M&A Telegram for Germany.
UK Public M&A Round-Up – Winter 2021/2022
Welcome to the Winter edition of our UK Public M&A Round-up.
This issue includes:
We hope you find the topics in this issue to be of interest and invite you to contact the articles’ authors or your normal Cleary contact if you have any…
German Plans to Extend the Scope of Corporate Co-Determination Rights for Employees
On December 7, 2021, the Social Democrats (SPD), the Greens (BÜNDNIS 90/DIE GRÜNEN) and the Free Democrats (FDP) concluded the coalition agreement for the 20th legislative period of the German Parliament (2021 until 2025), in which they announced, inter alia, their intention to amend the German corporate co-determination law and to extend the scope of application of the German One-Third Participation Act (Drittelbeteiligungsgesetz).
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German Reform Plans regarding Corporate Co-Determination for an SE
On December 7, 2021, the Social Democrats (SPD), the Greens (BÜNDNIS 90/DIE GRÜNEN) and the Free Democrats (FDP) concluded the coalition agreement for the 20th legislative period of the German Parliament (2021 until 2025), in which they announced, inter alia, their intention to implement changes to corporate co-determination law to prevent the current practice seeking to avoid the applicability of corporate co-determination rights for employees by changing the company’s legal form into an SE (Societas Europaea).
Continue Reading German Reform Plans regarding Corporate Co-Determination for an SE