UK Life Sciences and Healthcare Newsletter: Regulatory Updates
MHRA updates post-transition guidance Since 31 December 2020, the Medicines and Healthcare products Regulatory Agency (MHRA) has been updating various aspects of the regulatory regime for medicines...
View ArticleUK Life Sciences and Healthcare Newsletter: Market News
Recent notable industry transactions. Royal Philips announced that it has agreed to acquire Capsule Technologies, Inc., a provider of medical device integration and data technologies for hospitals and...
View ArticleUpcoming Regulatory Initiatives Impacting Private Fund Managers - January 2021
1. ESG In recent years, environmental, social and governance (ESG) factors have become a key discussion point in the asset management industry, with many managers now incorporating ESG considerations...
View ArticlePresident’s Working Group on Financial Markets Issues Report on Money Market...
The President’s Working Group on Financial Markets (PWG) on December 22, 2020 released a report on potential reform options for money market funds (Report). The Report states that the significant...
View ArticleEU Court of Justice: Financial Investors Liable for Anticompetitive Conduct...
The European Court of Justice has confirmed that financial investors can incur parental liability for the anticompetitive practices of portfolio companies, even after an IPO that left the investor...
View ArticleDechert on LIBOR – A New Year Special
2020 was a busy year for global benchmark transition, and the coronavirus pandemic did little to slow the pace. The end of 2020 saw an unexpected development that caused the market to pause – the...
View ArticleHart-Scott-Rodino Annual Adjustments Announced for 2021; Slight Decrease...
On February 1, 2021, the U.S. Federal Trade Commission (“FTC”) announced in the Federal Register that the dollar-based thresholds applicable to the Hart-Scott-Rodino (“HSR”) premerger notification...
View ArticlePrivacy Updates: Positive Signs for UK Adequacy and New SCCs
The EU-UK Trade and Cooperation Agreement provided breathing room for businesses engaging in data transfers from the EU to the UK in the form of a ‘bridging period’ of up to six months where such...
View ArticleCREFC Annual Conference: The Virtual Edition
Last week, over 4,200 of our closest friends met virtually for the annual January conference by the Commercial Real Estate Finance Council, which is usually held in Miami. While we have all learned to...
View ArticleDAMITT 2020 Report: Antitrust merger enforcement trends amid the pandemic,...
The Dechert Antitrust Merger Investigation Timing Tracker (DAMITT) is a quarterly release from Dechert LLP’s Antitrust/Competition practice reporting on trends in significant merger control...
View ArticleDAMITT 2020 Report: Merger control in Germany and France
Both the French and German authorities are particularly active in merger control at the member state level within the EU. Companies should keep these jurisdictions on their radar in planning their...
View ArticleFTC and DOJ Temporarily Suspend Early Terminations of the HSR Waiting Period
Key Takeaways The Federal Trade Commission (FTC), with the support of the Antitrust Division of the U.S. Department of Justice (DOJ), has announced that it is temporarily suspending the grant of Early...
View ArticleDelaware Supreme Court Adopts Primedia Test for Post-Merger Shareholder Actions
In Morris v. Spectra Energy Partners (DE) GP, LP,1 the Delaware Supreme Court clarified the test for determining when former equityholders have standing to pursue post-merger direct claims for a...
View ArticleLIBOR: First They Blinked and Now Some Hope, But a New Problem and It’s Big
First, the ARRC, playing Charlton Heston, playing Moses, brings down from on high the ten commandments of SOFR and lo, we were sore afraid and with veneration, professed we had no God but SOFR. A...
View ArticleCoronavirus Job Retention Scheme – A Quick Further Update
A further update to the HM Treasury Direction concerning the Coronavirus Job Retention Scheme (“CJRS”) was published on 26 January 2021 making some further adjustments to the rules governing its...
View ArticleUnprecedented Mass Layoffs May Trigger More Confidential Witnesses in...
The once-in-a-century pandemic has triggered not only market turbulence, but also unprecedented mass layoffs and furloughs. As the markets continue to fluctuate and public companies plan reductions in...
View ArticleChina Issues New Rules to Block Extraterritorial Reach of Foreign Law
In this OnPoint, we discuss new rules announced by China’s Ministry of Commerce (“MOFCOM”) aimed at counteracting the extraterritorial impact of foreign law on Chinese persons.
View ArticleHong Kong’s 0% Tax Concession for Carried Interest
After six months of consultation, the Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Bill 2021 ("Bill") providing for a tax concession for a 0% profits tax rate on eligible carried...
View ArticleNew York Appellate Court Decision Offers Guidance for Investors Who Comment...
In recent weeks, so-called “meme stocks” have demonstrated how statements by investors on social media can have an outsized impact on stock prices. Regulators have said that they are monitoring...
View ArticleDispute Resolution Trends in Asia for 2021
Naturally, there will be disputes relating to COVID-19 and efforts to contain its spread. These will often be resolved through negotiation, particularly if the relevant contract clearly allocates the...
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