transcript   Transcript

Challenges in Structuring Cross Border M&A Transactions in Light of Uncertainties Resulting from Brexit

Recorded on: Jan. 23, 2017
Running Time: 01:14:19

Full Transcript:



If you are a Privileged Member, just log in and start reading now! If you are not a Privileged Member, please click here to learn how unlimited access to PLI programs may be right for you and your firm.

To access the streaming media of this presentation, please purchase the corresponding seminar segment.

Taken from the Web Program Sixteenth Annual Institute on Securities Regulation in Europe: Practical Implications of U.S. Law on EU Practice recorded January, 2017 in London.

Challenges in Structuring Cross Border M&A Transactions in Light of Uncertainties Resulting from Brexit [01:14:19]

1. Brexit-related factors that will impact on M&A in 2017-8 (and beyond?)

  • Development by UK and EU governments of respective Article 50 negotiating positions
  • Potential broader economic impacts (longer term changes in exchange rates and possible impact on investment and consumer activity and economic growth)
  • Initial development of new framework for ongoing relationship between UK and EU during Article 50 negotiations
  • Businesses starting to reshape their operations to respond to the above - in particular financial services as extent of single market access (if any), and restrictions on free movement of persons, become known
  • Emergence of M&A and restructuring opportunities in particular sectors as economic impact becomes clearer
  • Need to deal with unknowns for long term commercial relationships (eg possible changes to the rules on governing law, choice of forum, insolvency, IP and tax)

2. The possible post-Brexit landscape and its impact on M&A

  • Extent of changes in areas where EU legislation currently in effect in UK: company law, takeover regulation, capital markets, financial services, IP, data protection, competition, employment, tax
  • Decision the same in each case: retain as is, amend, or repeal
  • Evolution of deal terms, and amendment or renegotiation of long term commercial relationships, to reflect these changes
  • Will there need to be transitional rules for a period?
  • New UK trading relationships with (i) EU and (ii) rest of world
  • New financial services regulatory regime
  • Others, as yet unknown

Moderator: Richard A. Pollack, Pranav L. Trivedi
Speakers: Matthew Blows, Ton Schutte


The purchase price of this segment includes the following article from the Course Handbook available online:

  • Brexit Essentials: The Legal and Business Implications of the UK Leaving the EU (March 2016)
    Nilufer von Bismarck
  • “Brexit”—Vote by the UK to Leave the EU (June 24, 2016)
    Richard A. Pollack
  • Assessing the Impact of Brexit on UK and European M&A (PowerPoint slides)
    Scott V. Simpson
  • Brexit: High Court Rules that the UK Government Cannot Notify the UK’s Withdrawal From the EU Without the Prior Approval of Parliament
    Richard A. Pollack, Scott V. Simpson
(s)
Matthew Blows ~ Macfarlanes LLP
Richard A Pollack ~ Sullivan & Cromwell LLP
Ton Schutte ~ De Brauw Blackstone Westbroek
Pranav L Trivedi ~ Skadden, Arps, Slate, Meagher & Flom (UK) LLP
Share
Email
Transcript FAQ's
  • How Can I Access Transcripts?
    You must be a Member in good standing.

  • Can I access the Video?
    Yes, you can access the video if you have the Adobe Flash plugin installed. Click on the video camera icon when you mouse over each paragraph. The media will begin playback at that point.

  • Can I get CLE credit for reading the transcript?
    No, CLE credit cannot be earned for reading a transcript. CLE credit is issued only for verified attendance while watching a web program. If seeking credit, please verify the program's eligibility for credit and expiration date in your jurisdiction on the web segment launch page before commencing the program.

  • FOLLOW PLI:
  • twitter
  • LinkedIn
  • GooglePlus
  • RSS

All Contents Copyright © 1996-2017 Practising Law Institute. Continuing Legal Education since 1933.

© 2017 PLI PRACTISING LAW INSTITUTE. All rights reserved. The PLI logo is a service mark of PLI.