Regarding the way the M&A transactions are conducted recently, we notice that the representations and warranties insurance policy for breaches of representations and warranties by the seller in the M&A (the “Warranty Insurance Policies” or the “RWI”) transactions are used more frequently.
Jank Weiler Operenyi, the Austrian member of Deloitte Legal, has advised the Kruger Group, the minority shareholder in soda maker manufacturer Sodapop Austria GmbH, on the acquisition of the remaining shares of the company from BAST Unternehmensbeteiligungs GmbH and ROHE Vertriebsmanagement und BeteiligungsgmbH. Austria's Berger Ettel law firm reportedly advised the sellers.
Gide has advised Sierra Gorda S.C.M., KGHM Polska Miedz S.A., Sumitomo Metal Mining CO., LTD, and Sumitomo Corporation on a USD 700 million financing from Bank Gospodarstwa Krajowego. Sullivan & Cromwell advised Sumitomo Corporation and Sumitomo Metal Mining as well, while Deloitte Legal advised BGK on the deal.
How the Covid-19 Pandemic and Technological Innovations affect the insurance and M&A Market. As we are all aware, the last year was challenging for almost all industries, including the insurance companies, which were inevitably affected by both COVID-19 pandemic and technological innovations, and now must face the forthcoming risks and challenges.
The expression “never a dull moment” could have been tailor-made to describe the ethics and compliance function and how it has evolved over the past decade or so. The well-publicized scandals that started to take place on the market (concerning, e.g., anti-money laundering or privacy incompliances) led the policy makers to pass sweeping legislation that called for increased regulation, greater transparency, and more rigorous scrutiny of corporations.
In The Corner Office we ask Managing Partners across Central and Eastern Europe about their unique roles and responsibilities. The question this time: “What one ongoing pro bono initiative or project or charity/volunteering project that your firm is involved with has the most meaning for you personally, and why?”
“Things are, right now, Covid-driven again, really,” begins Partner Marc Lager, the head of the EU Competition Law and Global Trade practice in the Vienna office of Deloitte Legal. “The numbers have been going up a bit lately, as in other parts of Europe, and there have been talks of reintroducing some of the measures that were in place earlier in the year.”