A New York state appellate court has ruled that a contract clause calling for arbitration "in accordance with the commercial rules of the American Arbitration Association" is insufficient to provide that the arbitration will be administered by the AAA. The decision appears questionable as the AAA rules provide that "[w]hen parties agree to arbitrate under these rules … they thereby authorize the AAA to administer the arbitration." Thus, it is likely to be appealed further.
Deutsche Post AG has acquired all shares in the online advertising service provider nugg.ad AG predective behavioral targeting from various financial investors as well as three founders and executive board members. The founders will remain in their current board positions of nugg.ad AG.
Chicago Corporate & Securities partner Matthew Posthuma quoted in an article discussing the uptick in private equity investments in Latin America. Subscription required.
Michael Hermsen quoted in an article discussing the Dodd-Frank Act and its provision for the resource extraction industry resource extraction industry resource extraction industryresource extraction industry.
The US Federal Trade Commission has announced a proposed major overhaul of the Hart-Scott-Rodino (HSR) Notification and Report Form that is intended to streamline the form and to require the submission of additional information that the agencies believe will help in their review efforts. A number of the these additional requirements are likely to result in significantly increased reporting obligations for many parties. The proposed changes have been published for notice and comment in the Federal Register.
On July 14, 2010, the Securities Exchange
Commission issued its long-awaited “Concept
Release on the U.S. Proxy System,” Release Nos.
34-62495; IA-3052; IC-29340, available at
http://www.sec.gov/rules/concept/2010/34-
62495.pdf. This concept release addresses
infrastructure and related technical issues
affecting the solicitation, tabulation and voting of
proxies in the United States. The SEC has been
examining, and is looking for further input on,
these “proxy plumbing” concerns.
Leading international law firm Mayer Brown advised the Management team of RBS’ global payments- processing unit in connection with the private equity backed £1.7 billion buy-out of that business. The buying entity was backed by Advent International Corp. and Bain Capital LLC with RBS also retaining a stake and a conduit to distribute WorldPay products across its corporate banking network.
Leading international law firm Mayer Brown has advised Davis Langdon, a global construction consultancy, on its US$324 million takeover by AECOM Technology Corporation, a global provider of professional, technical and management support services. The acquisition has been approved by Davis Langdon shareholders and partners, and is subject to customary closing conditions, including necessary regulatory and third party approvals.
Mayer Brown, a leading global law firm, announced that Brian May, a partner in its Los Angeles office, has been named to the 2010 class of the “Best LGBT Lawyers Under 40” by the National LGBT Bar Association.
Having worked on some of the US’ biggest and pioneering P3 deals, Mayer Brown partner John Schmidt is a well-known and well-respected dealmaker on US infrastructure. In this video interview, Mr. Schmidt provides insight into the US infrastructure market and the political dimension of doing deals in the US. Click here to watch the video.
Em 06 de julho de 2010, a BM&FBOVESPA S.A. – Bolsa de
Valores Mercadorias e Futuros (“BM&FBOVESPA”) divulgou
as propostas de modificação dos Regulamentos de Listagem
dos três Níveis Diferenciados de Governança Corporativa
elaborados pela BM&FBOVESPA, quais sejam, o Nível 1, o
Nível 2 e o Novo Mercado ( “Nível 1”, “Nível 2” e “Novo
Mercado”, respectivamente e, em conjunto, “Níveis de
Governança Corporativa”), para manifestação das empresas
listadas, conforme procedimentos de realização de audiência
restrita previstos nos respectivos regulamentos de listagem.
Mayer Brown, a leading global law firm, has advised Envestnet, Inc., a leading independent provider of technology-enabled, Web-based investment solutions and services to financial advisors, in its initial public offering and NYSE listing.
Leading international law firm Mayer Brown has advised longstanding global client NXP Semiconductors on the acquisition of Jennica Ltd, the holding company of Jennic Ltd, a wireless technology company specialising in wireless control devices.
NXP, which is a global semiconductor company providing solutions and software for a wide range of industry sectors, operates in over 25 countries worldwide and posted sales of $3.8billion in 2009.
Today, the President signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act. As a result, the Act’s “date of enactment” — which is the key date for determining dozens of delayed effective dates and deadlines under the Act — is Wednesday, July 21, 2010.
The Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”) was signed by President Obama on July 21, 2010. Mayer Brown issued an exhaustive summary of the Act in a Legal Update titled “Understanding the New Financial Reform Legislation.” In this Legal Update, we more specifically address the provisions of the Act that are most likely to impact public companies and their officers and directors.
Mayer Brown is a global legal services organization comprising legal practices that are separate entities (the Mayer Brown Practices). The Mayer Brown Practices are: Mayer Brown LLP, a limited liability partnership established in the United States; Mayer Brown International LLP, a limited liability partnership incorporated in England and Wales; Mayer Brown JSM, a Hong Kong partnership, and its associated entities in Asia; and Tauil & Chequer Advogados, a Brazilian law partnership with which Mayer Brown is associated. “Mayer Brown” and the Mayer Brown logo are the trademarks of the Mayer Brown Practices in their respective jurisdictions.
