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Shoosmiths LLP | February 2024

As it has been widely reported, 2023 saw a fall in merger and acquisition (M&A) transactions compared to 2022. Many are predicting greater dealmaking in 2024, although we suspect that will be weighted towards the second half of the year. As it has been widely reported, 2023 saw a fall in merger and acquisition (M&A) transactions compared to 2022. A vast array of headwinds all led to a reduction in deal activity, including high inflation, rising interest rates and lower economic growth ...

Carey Olsen | February 2024

BVI annual returns - frequently asked questions 1. What information needs to be included in the annual return? The annual return needs to provide a basic balance sheet and income (profit and loss) statement. The form of annual return is prescribed by statute, a copy of which can be found here. 2. When does the first annual return need to be filed? A Company must file its first annual return within 9 months of its fiscal year end ...

Carey Olsen | February 2024

Carey Olsen and Alter Domus advise Gyrus Capital on €310 million fund Fund II consists of the Principal Fund and an open-ended co-investment vehicle, allowing Gyrus to make larger investments. With its close, the total number of funds raised since the firm was established in November 2018 exceeds €750 million. Fund II will be a continuation of Fund I, generating returns from investments into businesses operating in the healthcare and sustainability sectors ...

Dinsmore & Shohl LLP | February 2024

U.S. Citizenship and Immigration Services (USCIS) released guidance on the Fiscal Year (FY) 2025 H-1B lottery process. The registration system will be open from noon Eastern, March 6, 2024 until noon Eastern, March 22, 2024. The application fee will remain $10 for each case entered into the system ...

ALRUD Law Firm | February 2024

Dear Ladies and Gentlemen, Special economic measures introduced in 2022 due to “unfriendly” actions of certain foreign states against the Russian Federation have been subject to development and clarification during 2023. We have already highlighted some key aspects of 2023 countersanctions regulation in another newsletter, and here we would like to pay more attention to the corporate and some other regulatory issues. 1 ...

Shoosmiths LLP | February 2024

The recent decision to permit 45 million competition law claimants to claim against Meta has thrown fresh focus on the real risks posed to organisations after data breaches. Here, we discuss recent trends and make some predictions. Following the news that up to 45 million claimants under competition law have been given the go-ahead for a £2bn class action against Meta, many are thinking about what the real risk of class action litigation is after a mass data breach ...

Shoosmiths LLP | February 2024

Amazon France Logistics has been fined €32m in France for being “grossly negligent” about European data protection law when it comes to monitoring its workers. How can companies do the right thing by workers and by regulators? Employers have increasingly sophisticated tools to help them monitor their workers. Amazon’s  substantial recent fine from French data protection regulators shows that they don’t always get it right ...

Shoosmiths LLP | February 2024

One of the main features of the cryptocurrency market is how unpredictable it is - the value of cryptocurrencies can rise and fall sharply, depending on how investors feel about them or the social media hype around them at the time ...

Carey Olsen | February 2024

Assessing lender risk in fund finance markets 2024 (GLI chapter) Contents  Risk analysis in an evolving market Complex Fund structures Typical structures in our jurisdictions Feeder vehicles Legal perspective Market risk Competition in the market Concentration risk Liquidity risk ESG risks Conclusion Acknowledgment  Risk analysis in an evolving market Despite being a relatively long-standing lending product, there have been limited public payment defaults by f

Carey Olsen | February 2024

Carey Olsen advises Epiris on launch of £1 billion buyout fund Epiris invests in opportunities to transform businesses in partnership with exceptional management teams. The firm targets UK and international businesses with an enterprise value of between £75 million and £500 million. Fund III has already deployed more than 20% of its total capital across four investments: Delinian, Lonestar, Pure Cremation and GSF ...

Lavery Lawyers | February 2024

With climate change continuing to be a topic of concern across the international community, Canada has recently taken another step to support the development of renewable energies and technologies. In the 2023 budget tabled on March 28, 2023, the Canadian federal government unveiled new tax incentives aimed at supporting investments in both renewable energies and certain clean technologies. These incentives can be grouped into five main Investment Tax Credits (ITCs) ...

Shoosmiths LLP | February 2024

From chatbots to ChatGPT, AI is transforming the way that businesses interact with consumers. Businesses should be mindful of the risks surrounding the use of AI when interacting with consumers. In this article, we offer practical guidance for businesses seeking to utilise this fast-emerging technology. AI and consumer law: the pros and the cons AI and consumer protection is not a one-sided story ...

SyCipLaw has authored the Philippine chapter of Lexology In-Depth: Artificial Intelligence Law. The Lexology guide seeks to provide a global overview of the fast-evolving state of law and practice surrounding artificial intelligence (AI) systems and applications. With a focus on recent developments and their practical implications, the guide examines key issues including legislative initiatives, government policy, AI risk management principles and standards, and enforcement actions ...

ALRUD Law Firm | February 2024

The Supreme Court has considered the Westwalk case and ruled that foreign companies can be legally recognized as bankrupt if there is a "close connection" with Russia. Bankruptcy of foreigners was first commenced in 2016, but for a long was applied only to individuals1. The Arbitrazh Court of the Chelyabinsk Region opened Pandora's box in 2022 with respect to a company from the island of Nevis, which was only formally registered there ...

Carey Olsen | February 2024

Carey Olsen advises on Ambipar’s $750 million Senior Unsecured Green Notes The Notes are guaranteed by Ambipar, Environmental ESG Participações S.A. and, subject to certain limitations, Response. The Notes bear interest at the rate of 9.875% per annum and are callable after 6 February 2027. The net proceeds from the Notes will be used for the repayment of indebtedness and the remainder (if any) for general corporate purposes ...

Carey Olsen | February 2024

Carey Olsen advises Strategic Risk Solutions on acquisition of Robus Group Based in Guernsey and Gibraltar, Robus Group offers professional management services to captive insurers, open market insurers, reinsurers, insurance intermediaries, MGAs, ILS fund managers, and other corporate entities. The company supports these clients in achieving their risk management and strategic business goals ...

The New York State Education Department (“SED”) has proposed an amendment to Title 8, Section 3.59 of the Rules of the Board of Regents that would clarify how a New York State institution of higher education (an “IHE”) might enter into certain corporate relationships with a “highly qualified out-of-state institution ...

Mamo TCV Advocates | February 2024

  We all know how important advertising is in the business world. Traders use advertisements as marketing tools to inform customers and consumers about their products. With the rise of technology and social media, advertising is now taking diverse forms. Companies are increasingly turning to a more powerful tool, the ‘influencer’, to advertise their products. This phenomenon is also evident locally ...

Shoosmiths LLP | February 2024

A core aim of the Building Safety Act 2022 (BSA) is to ensure the real estate industry - rather than leaseholders or the taxpayer - meets building safety expenditure. One way this is to be achieved is by introducing the Building Safety Levy under s.58 of the BSA. The government has now moved one step closer to the implementation of the levy with the recent publication of a consultation outcome and the publication of a third consultation - closing on 20 February 2024 ...

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