We set out below a number of interesting English and European court decisions and market developments which have taken place and their impact on M&A transactions. This review looks at these developments and gives practical...more
This briefing is the third in our series of briefings on corporate governance and is designed to provide a synopsis of topical corporate governance matters impacting companies in the United Kingdom. This briefing tracks the...more
Key trends -
We are now over half way through the year and moving towards the end of the AGM season. The trends which we identified at the start of the year have generally continued. Most companies have chosen to hold a...more
Refinitiv, Q1 2022 Adviser Rankings, US law firms, September 2021 We continue to track the approach FTSE 350 companies are taking to the holding of their AGMs. We have set out in our snapshot the approach companies have taken...more
2021 has been an exceptional year for the London Corporate team at White & Case, with a strong performance across the practice, including White & Case advising on nearly 50 deals involving publicly listed companies in the UK...more
1/5/2022
/ Acquisitions ,
Capital Markets ,
Coronavirus/COVID-19 ,
Environmental Social & Governance (ESG) ,
EU ,
Foreign Direct Investment ,
Investors ,
Mergers ,
Publicly-Traded Companies ,
Shareholders ,
Special Purpose Acquisition Companies (SPACs) ,
UK
Key Trends:
◾ Since August 2021, AGMs where shareholders were actively encouraged not to attend have become less common. Most companies are instead holding their meetings with physical attendance neither actively...more
Favorable valuations are fueling opportunistic purchases by overseas bidders-
Spiraling COVID rates, supply chain issues and food and fuel shortages have all hit the headlines in the months since the end of the Brexit...more
11/17/2021
/ Acquisitions ,
Bids ,
Buyers ,
Coronavirus/COVID-19 ,
Financing ,
Global Market ,
Investment ,
Investors ,
Mergers ,
Private Equity ,
Sellers ,
Supply Chain ,
Takeovers ,
UK
PE dominance -
Private equity and family offices are exerting increasing influence over public takeovers in the UK, with public to private transactions ("P2Ps") making up more than 2/3 of all bids in H1 2021 and...more
10/11/2021
/ Acquisitions ,
Bids ,
Disclosure Requirements ,
Going-Private Transactions ,
Mergers ,
Private Equity ,
Privately Held Corporations ,
Publicly-Traded Companies ,
Shareholders ,
Takeover Bids ,
UK
One -
Latest data from the Investment Association has shown investors plunged nearly four times the amount of cash into responsible investment funds in 2020 than they did in 2019. Responsible investment funds saw net...more
Despite considerable volatility and uncertainty, 2020 has been an extraordinary year for the London Corporate team at White & Case, with a strong performance across the practice. We are pleased to have advised a large number...more
On 11 November 2020, the government announced the details of its proposals for national security-based review of investments in the UK, in the form of the National Security and Investment Bill ("NSIB").
Protectionism is a...more
One
The Takeover Panel has announced today proposals to make substantial changes to the UK Takeover Code. These are the most significant changes to the Code since the September 2011 amendments in the wake of the...more
As companies look to plan their FY 2020 annual report and prepare for the 2021 AGM season, we have reflected on our experience in 2020. We summarise below key learnings and what we think will undoubtedly be on the agenda and...more
10/27/2020
/ Annual Meeting ,
Annual Reports ,
CIGA ,
Coronavirus/COVID-19 ,
Corporate Governance ,
Diversity ,
Environmental Social & Governance (ESG) ,
Executive Compensation ,
Pensions ,
Publicly-Traded Companies ,
Remuneration ,
Shareholder Activism ,
Shareholder Proposals ,
Shareholder Votes ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK ,
UK Insolvency Act
On 6 October 2020, the Financial Reporting Council ("FRC") published a report on the holding of annual general meetings ("AGMs") by FTSE 350 companies between 10 March - 30 July 2020 following the start of the COVID-19...more
One-
The UK has championed an open and dynamic market economy, including foreign direct investment ("FDI") into the UK, ever since political theorists such as Adam Smith argued the benefits of free trade over mercantilism...more
On 20 March 2020, the UK Government published its Corporate Insolvency and Governance Bill (the "Bill") which amends certain aspects of current insolvency and governance legislation to provide businesses with the flexibility...more
Since our last Client Alert on Practical considerations: the impact of COVID-19 on the holding of annual general meetings, the UK Government has issued its compulsory "Stay at Home Measures" prompting ICSA to issue...more
The steps recommended by the Government to combat the effects of the Coronavirus ("COVID-19"), in particular the recommendation to avoid large public gatherings, are likely to have an impact on the format of annual general...more