29 octobre 2024 // Publication
As the war in Ukraine grinds on, tackling the evasion of sanctions and enforcing national restrictions remain top priorities for allied states. A particular focus recently has been on Russia’s so-called “shadow fleet” – ships, and particularly oil tankers, being used to evade sanctions and circumvent the oil price cap. Countries are showing a united approach - in September the G7 published its first ever joint guidance for industry on preventing evasion of export controls and sanctions against Russia.
Keep up to date with the latest in our Russia/Ukraine sanctions series.
23 octobre 2024 // Publication
The Luxembourg Business Registers announced upcoming changes to the formalities with the Luxembourg register of commerce and companies (Registre de Commerce et des Sociétés) (the “RCS”), including the registration of the Luxembourg national identification number (the "LNIN") for natural persons registered with the RCS.
2 octobre 2024 // Deal
Linklaters has advised the fund TPG Rise Climate and the investor GIC on the acquisition of the Techem Group.
19 septembre 2024 // Deal
Linklaters has advised a Brookfield-led consortium comprised of First Abu Dhabi Bank, Mubadala, ADQ and Olayan on its take-private of Middle East and Africa payments business Network International Holdings plc., at a value of approx. £2.2 billion, representing one of the largest private equity investments the region has ever seen.
30 août 2024 // Publication
A new Investment Law (Royal Decree No. M19/1446) looks set to bring in a new wave of investment into the Kingdom of Saudi Arabia, potentially offering wider opportunities for investors in domestic companies than ever before, with enhanced investor protections.
29 août 2024 // Publication
This session provided an overview of fundraising and fund structuring trends in private credit, as well as key considerations relating to collateral, jurisdiction themes and disparities in valuations. Watch the seminar highlights to know more.
2 août 2024 // Deal
Linklaters a conseillé AXA IM Prime, via sa stratégie GP Stake, dans le cadre de la conclusion d’un accord en vue d’acquérir une participation de 20 % dans Rivage Investment (« Rivage »), une société de gestion de premier plan spécialisée dans le financement par la dette des infrastructures européennes et du secteur public français avec plus de 7,7 milliards d'euros d’actifs sous gestion.
30 juillet 2024 // Publication
A Practice Note discussing the key issues arising from the revised Company Law of the People's Republic of China (PRC) that are particular to private equity and venture capital investors in their equity investments in China businesses.
30 juillet 2024 // Publication
The Committee on Foreign Investment in the United States (CFIUS), the interagency U.S. government body responsible for most national security reviews of inbound foreign investments, is required by law to provide an annual report to Congress on its activities from the previous year. Last week, CFIUS released its annual report to Congress covering activities from calendar year 2023. Here are the main things we learned, including our unique analysis of the statistics reported by CFIUS.
29 juillet 2024 // Deal
July 23, 2024 - Linklaters has advised the Vodafone Group on the sale of an additional 10% stake in Oak Holdings 1 GmbH, which controls Vantage Towers AG. The transaction is valued at 1.3 billion euros.
24 juillet 2024 // Deal
Linklaters has advised Hg and team.blue on Sofina’s direct, minority investment in team.blue, a leading European leading digital enabler for entrepreneurs and SMBs.
18 juillet 2024 // Deal
Linklaters has advised a Brookfield-led consortium on its minority preferred equity investment in GEMS Education, a UAE-based education and ancillary services provider, in one of the largest private equity investments in the region.
15 juillet 2024 // Publication
The Luxembourg Parliament has adopted on 12 July 2024 the draft bill 8185 (the “NPL Law”) which transposes Directive (EU) 2021/2167 of the European Parliament and of the Council of 24 November 2021 on credit managers and credit purchasers (the “Directive”) into Luxembourg law.
10 juillet 2024 // Deal
Linklaters has advised Hg and team.blue on Canada Pension Plan Investment Board’s (“CPP Investments”) acquisition of a c.20% stake in team.blue, valuing the company at €4.8bn, making it one of the largest privately owned technology companies in Europe. Hg will remain team.blue’s largest investor and has invested further funds in team.blue as part of this transaction.
3 juillet 2024 // Deal
Linklaters is advising advised Wendel, one of Europe’s leading listed investment firms, on entering into an agreement with Providence Equity Partners, (Providence), a premier private equity firm specialising in growth-oriented investments in media, communications, education and technology, to invest in Globeducate, one of the world’s leading international K-12 education groups.
9 mai 2024 // Publication
Our latest “Issues for Financial Sponsors” publication outlines emerging and perennial topics for financial sponsors and their portfolio companies that we believe should spark lively discussion for decision makers over the next year.
9 mai 2024 // Publication
Our latest “Issues for Boards” publication outlines emerging and perennial topics for Boards and General Counsel that we believe should spark lively discussion within boards over the next year.
18 avril 2024 // Publication
The proposed acquisition of United States Steel Corporation by Japan’s Nippon Steel Corporation, announced in December 2023, has attracted a great deal of public and political scrutiny. This article outlines the national security considerations most likely to be relevant to CFIUS’s review as well as a potential outcome that could address both national security and political (i.e., job security) concerns. Written by Jonathan Gafni, based on the article that will be published in the upcoming issue of The M&A Lawyer.
16 avril 2024 // Deal
Linklaters has advised Hg, a leading investor in European and transatlantic software and services businesses, on its investment in Focus Group, one of the UK’s leading providers of essential business technology to SMEs.
2 avril 2024 // Publication
The Asia Funds Series is a series of seminars that will bring together fund managers, stakeholders and industry leaders to discuss the latest market trends and developments in the alternative investment space across Asia. In our second session, we focused on bridging the gap - navigating transition finance for net zero
28 mars 2024 // Publication
Redline version of the Prospectus Regulation highlighted with changes amongst others by the Regulation (EU) 2021/337 as regards the EU Recovery prospectus and the proposal for a Regulation to make public capital markets in the Union more attractive for companies and to facilitate access to capital for small and medium-sized enterprises (Proposal for a Regulation accompanying the Proposal for a Listing Act) in the form of the confirmation of the final compromise text with a view to agreement of 14 February 2024 (Listing Act)
21 mars 2024 // Deal
Linklaters have advised Hg, a leading investor in European and transatlantic software and services businesses, on its strategic partnership with CUBE, a global leader in Automated Regulatory Intelligence and Regulatory Change Management technology.
7 février 2024 // Publication
It is nearly two years since Russia invaded Ukraine and governments across the globe responded by imposing a raft of financial and trade sanctions on Russian entities, individuals and supporters of the Russian regime. Domestic authorities’ attention is now turning to ensuring those regimes are complied with, limiting the scope for circumvention and penalising those who breach legal restrictions.
In our latest update looking at the commercial impact of the Ukrainian crisis, we examine developments in the UK, EU and U.S. and see how sanctions enforcement is taking centre stage.
31 janvier 2024 // Publication
Nearly two years after Russia’s invasion of Ukraine, G7 countries continue to ratchet up economic sanctions on Russia, increasingly against third-country entities and sanctions evasion networks. As regulators continue to look to blocking sanctions and export controls as a means to further foreign policy goals, there is an increasing concern among policymakers, civil society, and the business community as to whether and how such tools could be used against the People’s Republic of China.
8 janvier 2024 // Deal
Linklaters has advised Hg, a leading investor in European and transatlantic software and services businesses, in relation to its re-investment in IRIS Software Group, a leading global provider of mission-critical software and services in accountancy, payroll, HR and education, alongside Leonard Green & Partners, L.P. (LGP) in a transaction valuing IRIS at an enterprise value of c.£3.15bn. The investment represents one of Europe’s largest software buyouts for 2023.
8 janvier 2024 // Publication
Beginning of January is always the right moment to reflect on recent developments and their impact in the near future, so let’s focus on one of the most attractive legislations in Luxembourg, the law on financial collateral arrangements dated 5 August 2005 (the “Financial Collateral Law”) and on the question as to whether the recent law dated 7 August 2023 on modernisation of bankruptcy law and introduction of restructuring measures in Luxembourg (the “Restructuring Law”) cuts across the solutions of the Financial Collateral Law.
22 décembre 2023 // Deal
Linklaters has advised leading technology investor Hg in connection with the raising of significant new investment by Visma, a leading provider of mission-critical cloud software in Europe and Latin-America.
25 octobre 2023 // Publication
Before the entry into force of the new Luxembourg insolvency law reform next week, we are focusing on the transfer by court order in this third in-depth alert.
17 octobre 2023 // Publication
Part 2: Creditors’ Agreement: the Restructuring Plan
In this second in-depth alert, we are focusing on the collective agreement with creditors and the restructuring plan, one of the key features of the new judicial reorganisation procedure.
11 octobre 2023 // Publication
Boards face many challenges as they steer their companies through times of economic, geopolitical and technological change. Often the answer to dealing with these challenges will involve some basic principles of governance. Each year, in our Issues for Boards publication, we offer practical pointers to boards and general counsel on topical questions and actions boards should take. In 2023’s edition, we look at how boards of listed companies should prepare to handle an activist investor. We discuss how to draw up a good climate transition plan, the merits of involving investors in “say on climate” and the increasing dangers of being accused of greenwashing.