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- Auswirkungen des Aufsichtsrechts auf die Digitalisierung der Finanz- bzw. Versicherungsindustrie
- MiFID II
- Neues aus dem Bereich der Zahlungsdienste (Payment Innovation/PSD 2)
- EU Risk Reduction Package (u. a. CRR2/CRDV) und dessen bevorstehende Implementierung und Auswirkungen
- Neue Regeln für Wertpapierfirmen (IFD/IFR)
- Aktuelle Produktinterventionen
Latest Insights
Responses to the Russia/Ukraine Crisis - Sanctions Update No. 8
29 Oktober 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.
Corporate kompakt - 24. Oktober 2024
24 Oktober 2024 // Newsletter
KG Berlin: Zur Zulässigkeit von Vesting-Klauseln bei Start-ups +++ EU-Kommission: Vierter Jahresbericht zur EU-Screening-Verordnung für ausländische Direktinvestitionen +++ Öffentliche Anhörung zum Entwurf des CSRD-Umsetzungsgesetzes +++ Linklaters-Veranstaltung in Frankfurt: Datenschutz und Cybersecurity in der Praxis
New filing requirements with the Luxembourg Register of Commerce and Companies
23 Oktober 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.
Linklaters advises TPG and GIC on the acquisition of Techem for €6.7bn
2 Oktober 2024 // Deal
Linklaters has advised the fund TPG Rise Climate and the investor GIC on the acquisition of the Techem Group.
Linklaters advises Brookfield-led consortium on the closing of the take-private of Network International Holdings
19 September 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.
Corporate kompakt - 12. September 2024
12 September 2024 // Newsletter
KG Berlin: Deutsches Handelsregister darf österreichische Online-Beglaubigung ablehnen +++ OLG Karlsruhe: Zum grenzüberschreitenden Kettenformwechsel einer GmbH aus der Schweiz nach Deutschland
Corporate kompakt - 5. September 2024
5 September 2024 // Newsletter
Gesellschaftsrechtliche Highlights des geplanten ZuFinG II +++ EuGH: Keine Fusionsprüfung ohne Zuständigkeit („Illumina/Grail“) +++ LG Berlin II: Zur Angemessenheit der Gegenleistung beim Delisting-Erwerbsangebot („Rocket Internet“) +++ Update zur CSRD: EFRAG veröffentlicht XBRL-Taxonomie für ESRS Set 1
Saudi Arabia’s new Investment Law 2024
30 August 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.
Navigating the Future: Key Trends and Strategies in Asia's Private Credit Investment Landscape
29 August 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.
Linklaters advises AXA IM Prime, through its GP Stake strategy, on entering into an agreement to acquire a 20% equity stake in Rivage Investment (“Rivage”), a leading investment firm
2 August 2024 // Deal
Linklaters has advised AXA IM Prime, through its GP [1] Stake strategy, on entering into an agreement to acquire a 20% equity stake in Rivage Investment (“Rivage”), a leading investment firm specialising in European infrastructure direct lending and French public sector financing, with over €7.7 billion in committed capital under management.
Chinese Company Law Amendment: Impact on PE and VC Investment
30 Juli 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.
U.S. M&A Newsletter — July 30, 2024
30 Juli 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.
Linklaters advises Vodafone on the sale of an additional stake in Vantage Towers for 1.3 billion Euros
29 Juli 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.
Linklaters advises Hg and team.blue on minority investment from Sofina
24 Juli 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.
Linklaters advises a Brookfield-led consortium on its substantial preferred equity investment in GEMS Education
18 Juli 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.
Navigate the new non-performing loan rules
15 Juli 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.
Linklaters advises Hg and team.blue on investment from CPP Investments in transaction worth €4.8bn
10 Juli 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.
Linklaters advises Wendel on agreement with Providence to invest €625m in Globeducate
3 Juli 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.
Issues for Financial Sponsors and their portfolio companies 2024
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.
Issues for Boards 2024
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.
Corporate kompakt - 2. Mai 2024
2 Mai 2024 // Newsletter
EuGH: Zur Anwendung nationalen Rechts auf Gesellschaften mit Satzungssitz in einem anderen Mitgliedstaat +++ Update zur CSRD: EU-Parlament und Rat stimmen für Verschiebung sektorspezifischer ESRS +++ Linklaters-Briefing zum neuen EU-Anti-Geldwäsche-Paket +++ Linklaters Private Equity Outlook: Regulatorische Themenfelder 2024
Linklaters berät Triton bei der Veräußerung von EQOS an Eiffage Énergie Systèmes
24 April 2024 // Transaktion
Linklaters hat Triton bei der Vereinbarung über den Verkauf von EQOS, einem führenden Spezialunternehmen für die Installation und Wartung kritischer Infrastrukturen in Europa, an Eiffage Énergie Systèmes beraten.
U.S. M&A Newsletter — April 18, 2024
18 April 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.
Linklaters advises Hg on its investment in Focus Group
16 April 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.
Exploring Investment Horizons: VCC & ELTIFs in 2024, a comparative analysis
2 April 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
Redline version of the Prospectus Regulation (EU) 2017/1129
28 März 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)
Linklaters advises Hg on its partnership with CUBE creating an industry defining regulatory compliance and risk platform
21 März 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.
Responses to the Russia/Ukraine Crisis - Sanctions Update No. 7
7 Februar 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.
China-Related Sanctions: Trends and Responses
31 Januar 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.
Corporate kompakt - 11. Januar 2024
11 Januar 2024 // Newsletter
OLG Köln: Beweislastumkehr aus § 93 Abs. 2 S. 2 AktG gilt auch im Direktprozess zwischen Gesellschaft und D&O-Versicherung +++ LG Frankfurt am Main: Zur rechtlichen Einordnung eines M&A-Beratervertrags +++ VG Berlin: Einseitige „Einstellung“ eines Investitionsprüfverfahrens durch das BMWK führt zu Genehmigungsfiktion („PCK Raffinerie“) +++ BMWK: Nur noch Online-Anträge für die Investitionsprüfung
