International
Headlines
Return of global megadeals could see biggest deal boom since financial crisis
Global M&A activity hits $2.12trillionM&A activity back to pre-crisis levelsAsian companies taking a greater portion of deal making activity With the return of megadeals, mergers and acquisitions could see a record year of activity this year, with global dealmaking reaching $2.12trillion so far in 2018. A wave of megadeals has seen the average...
Collas Crill bolsters dispute resolution team with two new appointments
Collas Crill has appointed two new associates, Daisy Bovingdon and Courtney Clelland, to its growing dispute resolution team in Jersey.Following a highly successful 2017 for the dispute resolution team, which also saw the firm move into St Helier’s landmark Gaspé House, these appointments reflect the ongoing growth in activity seen through 2018. Daisy's...
Pinel Advocates appoints senior property lawyer
Pinel Advocates is delighted to announce the recruitment of senior property lawyer, Advocate Peter Bertram, to its growing property team. Advocate Bertram has extensive commercial and residential property experience, having been a Partner and Head of Property at two large Jersey law firms. He will lead the development of Pinel Advocates'...
Three post-war liberals strove to establish the meaning of freedom
ONE definition of a liberal is a person who supports individual rights and opposes arbitrary power. But that does not tell you which rights matter. For example, some campaigners say they want to unshackle transgender people, women and minorities from social norms, hierarchies and language that they see as tyrannical. Their opponents say that this...
SANNE expands leadership team in Mauritius
SANNE is pleased to announce the appointment of Peter Nagle as SANNE’s new Country Head - Mauritius. Based in SANNE’s Mauritius business, Peter will be responsible for providing expert guidance and support to the local client service leadership teams based on the island. SANNE’s office in Mauritius is the second largest staffed office across...
Finance
Workers Overdose on the Job, and Employers Struggle to Respond
Workers Overdose on the Job, and Employers Struggle to RespondImageJimmy Sullivan has been a bricklayer for more than two decades. For several years, Mr. Sullivan injected a shot of heroin in his car before starting work.CreditCreditHeidi de Marco/Kaiser Health NewsBy Jenny GoldSept. 21, 2018Jimmy Sullivan prepared for his job as a bricklayer the same...
Google C.E.O. Denies Allegations of Political Bias in Search Results
Google C.E.O. Denies Allegations of Political Bias in Search ResultsImage“We do not bias our products to favor any political agenda,” Google’s chief executive, Sundar Pichai, wrote in an email on Friday.CreditCreditJeff Chiu/Associated PressBy Kate CongerSept. 21, 2018SAN FRANCISCO — Sundar Pichai, Google’s chief executive,...
Inside Italy’s Shadow Economy
Inside Italy’s Shadow EconomyWithin a distressed labor market, thousands of low-paid home workers create luxury garments without contracts or insurance.By Elizabeth Paton and Milena LazazzeraSept. 20, 2018ImageCreditGianni Cipriano for The New York TimesBARI PROVINCE, Italy — In a second-floor apartment in the southern Italian town of Santeramo...
Michelle Obama’s Big Book Rollout: ‘It’s Like You’re Looking at a Madonna Tour’
Michelle Obama’s Big Book Rollout: ‘It’s Like You’re Looking at a Madonna Tour’ImageMichelle Obama at the annual American Library Association conference in June. After keeping a relatively low profile since leaving the White House, the former first lady is returning to the public sphere in dramatic fashion.CreditCreditGerald...
Tariffs to Raise Cost of Rebuilding After Hurricane Florence
Tariffs to Raise Cost of Rebuilding After Hurricane FlorenceImageCharles T. Wilson III, a contractor based in Durham, N.C., said tariffs had driven up the cost of countertops and other building materials.CreditCreditTravis Dove for The New York TimesBy Nelson D. SchwartzSept. 21, 2018When the floodwaters from Hurricane Florence recede and rebuilding...
Legal
Third Circuit Clarifies Public Disclosure Bar in False Claims Act
Third Circuit Clarifies Public Disclosure Bar in False Claims Act In United States v. Omnicare, Inc., the Third Circuit clarified the operation of the public disclosure bar in the False Claims Act (FCA). The court held that publicly available information “could not have reasonably or plausibly supported an inference” of fraud. This information included...
Hoskins May Limit Extraterritorial Enforcement of U.S. Sanctions
The Second Circuit’s recent decision in United States v. Hoskins may impact enforcement of U.S. economic sanctions programs. The Hoskins decision precludes the government from charging a foreign national acting abroad with violating the Foreign Corrupt Practices Act (“FCPA”) through theories of conspiracy and accomplice liability. This holding...
Britain Lifts Veil of Financial Secrecy for Overseas Territories
The UK Sanctions and Anti-Money Laundering Act signifies major changes to the UK’s anti-money laundering and sanctions regimes. Britain’s overseas territories, often criticized as tax havens, are now required to establish public registries of beneficial corporate ownership by December 31, 2020. The Act also includes a Magnitsky Amendment, modeled...
Switzerland Proposes Relaxed AML Rules for New FinTech License
In an effort to stimulate innovation in Switzerland’s financial markets, the Swiss Financial Market Supervisory Authority (“FINMA”), announced its plans to relax anti-money laundering requirements for certain smaller financial technology firms. If implemented, these plans would go into effect on January 1, 2019. “FinTech” Licenses The move...
Circuit Rejects Expansive Use of Conspiracy for FCPA
The Second Circuit issued its judgment on the case we have been monitoring, U.S. v. Hoskins. The court held that the “government may not expand the extraterritorial reach of the FCPA by recourse to the conspiracy and complicity statutes.” DOJ Theory Rejected The holding is of significant interest as it narrows the DOJ’s jurisdictional reach...
Deals
Will the M&A boom continue?
The global mergers and acquisitions (M&A) market is enjoying a boom – of that there can be little doubt. In the first half of this year global M&A deals reached a record $2.5trn (£1.9trn) in value, according to Thompson Reuters, a rise of 65 per cent on a year earlier. Much of this has been underpinned by the generous use of debt but also a lot...
Software innovation spurs record-breaking M&A transaction volumes and valuations for enterprise software
Hampleton Partners Report reveals billion dollar plus deal volumes more than double in six months In its latest analysis of global Mergers & Acquisitions activity in Enterprise Software, Hampleton Partners reports that the sector delivered its best half year on record with 522 transactions in total. Deal volume was up 11 percent year-over-year...
Booming blockchains
An emerging trend to watch is leading blockchain startups making major acquisitions to better their market positions. June saw two interesting deals with Tron purchasing BitTorrent for $126 million in cash and BNC acquiring news service Cryptocurrency Newsfeed. In July, Binance snatched up Trust Wallet. In May, Coinbase acquired trading platform Paradex. Blockchain...
Linklaters M&A Tracker – Year to July 2018
Taking a look at the M&A market from the start of 2018 through to the end of July Corporate Partner, Nick Rumsby, commented: “There has been significant M&A activity in the last six months in all segments of the market, with lots of confidence in evidence across the world but particularly in the US” “However, we have started to see signs...
Global M&A value up in H1, despite decline in volume
Values increases in all regions except Asia-Pacific, boosted by sizeable deals in Western Europe and North AmericaPE/VC value also climbs in most regions The aggregate value of global mergers and acquisitions (M&A) improved in the first half of 2018, despite volume declining over the six months, according to M&A information collected by Bureau van...
Acq Lite
Hear Our Good News Guru Story Friday Morning About Incredible Chain of Good Deeds That Saved 6 Lives
Listen to The Good News Guru Friday morning around 6:50 PST (9:50 am EST) to hear the story of one stranger’s INCREDIBLE act of selfless generosity that resulted in a ripple effect of good deeds that saved a half-dozen lives. HERE IS THE AUDIO from the Ellen K. Morning Show on KOST-103.5 If you miss any [...] The post Hear Our Good News Guru...
Mark Hamill Gets Chewbacca Hug From Harrison Ford, and a Star on Hollywood Walk of Fame
Hollywood's Walk of Fame has finally been graced with the addition of the Jedi Master himself: Mark Hamill. The post Mark Hamill Gets Chewbacca Hug From Harrison Ford, and a Star on Hollywood Walk of Fame appeared first on Good News Network. Read More
On Women’s Day, Government Launches Biodegradable Sanitary Pads
The hygiene products will also only cost a measly Rs. 10 – which is roughly $0.15 a pop. The post On Women’s Day, Government Launches Biodegradable Sanitary Pads appeared first on Good News Network. Read More
Comfy Armchairs Pouring in For Animal Shelter So Every Pet Can Have a Spot
Since posting an adorable 10-second video of their lounging dogs, this Illinois shelter has received dozens more chairs for their other animal residents. The post Comfy Armchairs Pouring in For Animal Shelter So Every Pet Can Have a Spot appeared first on Good News Network. Read More
‘Humans of New York’ Makes History Raising $1Mil in 4 Days to Build Housing For Rohingya Refugees
The page has become one of the fastest campaigns in GoFundMe history to raise over $1 million for a cause. The post ‘Humans of New York’ Makes History Raising $1Mil in 4 Days to Build Housing For Rohingya Refugees appeared first on Good News Network. Read More