The first person charged for violating a 2020 law that forbids conspiracies to taint international sports events through performance-enhancing drugs received a three-month prison sentence. Federal prosecutors used the...more
UK regulated water utilities that have financed themselves through “whole business securitisations” are under pressure to show more financial resilience, while requiring substantial investments to address current challenges....more
The nation’s biggest health insurers are gaming a giant program to provide health coverage to seniors, exploiting the privatization of Medicare Advantage plans to rake in profits with schemes that have drawn fire from...more
The Hong Kong court has recently delivered a key judgment that could affect the validity of privatizations effected by court sanctioned schemes of arrangement or reductions of capital. The decision may affect the wording of...more
The rail sector in Great Britain is about to experience the most significant structural change since privatisation. The Government is abandoning the current franchise-based model, in favour of a new “Passenger Rail Contract”...more
The Hong Kong Court of Appeal has allowed the proposed privatization of a Hong Kong listed company through a scheme of arrangement, overturning the decision of the Court of First Instance (CFI). ...more
One key facet of the Angolan government's recent reforms is the Privatization Framework Law (Law No. 10/19, enacted in May 2019 and approved by Presidential Decree no. 250/19 in August 2019). This Decree will govern Angola's...more
The current impact of privatization on the development and diversification of Angola's infrastructure. One of Africa's trade heavyweights, Angola is blessed with a wide range of natural resources and a fertile climate. It...more
Since the early 1990s, a large number of well-known Chinese companies have been listed in the United States to enhance their global image, and the US stock market has become a haven for many Chinese stocks. However, China...more
Introduction - Recently, there has been an increasing trend of Hong Kong public companies choosing to privatize. Some of these companies were trading at a substantial discount to net asset value with low liquidity, making...more
Oracle founder and billionaire Larry Ellison already owns about 98% of Lanai, a small Hawaiian island with approximately 3,000 residents nine miles from and politically part of Maui. Two weeks ago, the island announced that...more
With the backdrop of the Government of Kazakhstan’s announced privatisation programme, Dechert’s London- and Almaty-based International Capital Markets team examines recent developments in Kazakhstan capital markets, as well...more
On the heels of one of the worst recessions in Brazil in years, stemming from a number of political crises involving widespread corruption and related investigations (most notably, the highly publicized Lava Jato...more
The pace of work at the General Assembly increased this week as bill introductions continued and committees held initial meetings. Revenue Projections - A consensus revenue forecast released this week by the...more
The incoming Brazilian administration is embarking on a program to sell equity interests and grant concessions in over 100 state-owned entities, as part of its effort to pay Brazil’s public debt and reduce the role of...more
More than 800 chief financial officers, business officers, senior administrators, chancellors, presidents, C-level executives, general counsels and other higher education officials attended the 2018 P3 Higher Education Summit...more
The Situation: Delayed by two months, the long-awaited bill of President Macron's government relating to economic reforms and simplification of companies' day-to-day operations was tabled to the Cabinet on June 22, 2018....more
On Wednesday, June 6, 2018, President Trump signed into law the “John S. McCain III, Daniel K. Akaka, and Samuel R. Johnson VA Maintaining Internal Systems and Strengthening Integrated Networks Act” a.k.a. the VA MISSION Act...more
Since the U.S. Government determined that Russia interfered in the 2016 election, movement around Russia sanctions policy has been vigorous, if not unidirectional. In 2016, the United States implemented twice sanctions...more
The United States has taken significant steps toward fully implementing the sanctions imposed on Russia pursuant to the Countering America’s Adversaries Through Sanctions Act of 2017, which codifies and strengthens certain...more
On August 2, 2017, President Trump signed into law the Countering America’s Adversaries Through Sanctions Act of 2017 (Pub. Law. No. 115-44, H.R. 3364) (the “Act”), which significantly expands economic sanctions against...more
On August 2, 2017, President Donald Trump signed into law the Countering America’s Adversaries Through Sanctions Act (the Act), which significantly expands U.S. sanctions against Russia while enacting modest new sanctions on...more
Amendments in July 2017 to Russian foreign investment laws have resulted in a significant tightening of control over transactions involving (including investments in) Russian companies by foreign investors...more
On June 28, the US House of Representatives Committee on Transportation and Infrastructure reported out to the floor of the House of Representatives for consideration by the full House H.R. 2997, the 21st Century Aviation...more
The leadership of Saudi Arabia (the “KSA”) has embarked on a bold transformation strategy to revitalize KSA’s economy and to position it for the demographic and economic challenges that lie ahead. The flagship transaction for...more