The Internet of Things (IoT) is going to change the models of business of the financial services sector, unveiling new legal issues.
The new models of business of the IoT are going to be disruptive, placing companies in front of legal problems that they had never experienced before. And the same rule is valid with reference to the financial service sector.
Narendra Modi, the first Indian Prime Minister to visit Israel, just completed a historic 3-day visit to Israel which included, among other things, a chance to see first-hand some of Israel’s newest technologies. Together with Israeli Prime Minister Benjamin Netanyahu, Modi toured a desalinization plant north of Hadera and rode together with Netanyahu in a newly developed vehicle that can transform sea water into drinking water. The two countries also entered into 7 major agreements dealing with water, agriculture, and space technology. In addition, they have created a $40 million research and development fund for joint innovation. Clearly, relations between the two countries is on the rise, and growing quickly.
Please join us on November 8th in Israel for an Israel-India Summit which will feature Indian companies and investors alongside Israeli entrepreneurs looking to explore and expand the business opportunities between the two countries. Details to follow shortly. Please contact Naomi Maryles with any questions or if you are interested in getting involved.
Some of the findings supported what most of us probably suspected was the case – other findings are more surprising.
• What are the major differences in deal terms across jurisdictions?
• Do auction processes really drive better legal terms or is it just price?
• Are PE buyers really so different to trade buyers?
• Locked box v Completion accounts – what really is market?
• Is the MAC clause still valid?
• What are the “normal” warranty thresholds and de minimis?
• Does the data room get disclosed?
• How is rep & warranty insurance changing the M&A landscape?
Our report answers these questions and provides the statistics to support them.
Not only does the report cover the types of deals and process, it provides an insight into earn outs, financial limits around warranties including cap and basket and at least ten other key aspects of an M&A transaction, and as such really does offer an informed insight to the question of ‘what is market.’
To request a copy of the report, please email Jacob.Katz@dlapiper.com.
We are pleased to announce that Pitchbook has ranked DLA Piper #3 globally for overall private equity deal volume in 2016. We are also ranked #1 across Europe, #3 in the US and #3 in global buyout transactions. These rankings, representing consistent growth in volume of reported deals over the past 5 years, reflect our involvement in more than 175 transactions worldwide and confirm the strength of our global team.
To read more, and to see a small sampling of our 2016 private equity representations, please click here.
President Donald Trump recently signed an Executive Order on cybersecurity, “Strengthening the Cybersecurity Federal Networks and Critical Infrastructure.” The Executive Order escalates CI cybersecurity to a greater priority in federal policy, tasking cabinet-level departments and sector specific agencies with identifying and utilizing capabilities to support the cybersecurity risk management efforts of CI at greatest risk. It also addresses particular sectorial cybersecurity risks and capabilities concerning the communications and information technology sectors, the defense industrial base and the electricity subsector. Additionally, the EO contains an ambitious plan for updating and upgrading federal networks, which will ultimately be subject to Congressional oversight and appropriations.
To learn more and for key takeaways, click here.
Much has been written recently on blockchain, Bitcoin, Ethereum, cryptocurrencies and initial coin offerings (ICO). Unfortunately, for non-computer scientists, trying to understand these concepts and their potential implications can be a bit overwhelming. To help all of those non-technologists trying to get their heads around blockchain, Bitcoin, Ethereum, cryptocurrencies and ICOs, our colleague Trent Dykes pulled together the following list of resources that he has found useful. It seems likely that these technologies will prove to be disruptive to how startup and emerging growth companies do business, build new technology, fund startups and even think about employment – much like the initial proliferation of the Internet.
To read more, click here.
The amount of information and analysis published since the UK’s referendum decision to leave the EU is bewildering. Reading it all would take as long as the Brexit negotiations themselves.
Boardroom Brexit has been designed to help senior executives cut through to the issues that really matter for your business.
In the first issue of Boardroom Brexit, we look at the negotiating mandates of the EU and UK and distill them into the crucial things that you need to know and do. Future issues will follow the course of the negotiations with the same emphasis on concise, practical, commercial guidance. To access Boardroom Brexit, please click here.
Improvements to compliance programs, likely combined with recent political changes, are helping to reduce compliance executives’ concerns about personal liability. At the same time, the compliance function is becoming more independent and prominent in large organizations worldwide – though there remains room for improvement.
These are among the top findings in DLA Piper’s 2017 Global Compliance & Risk Report. Taken as a whole, this year’s survey data reveals encouraging trends – the growing independence of compliance programs and the greater support they’re receiving in the form of increased resources and program improvements. But it also depicts a concerning gap in the relationship between compliance and directors.
In an effort to assist compliance officers in closing that gap, we have assembled a set of basic principles and best practices for board communication, training and counsel. To learn more, please click here.