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December 2020

Table of Contents

1. Firm Legal Updates  ↓

2. Nonmember Sign Up  ↓

3. Group Leaders ↓

4. Submit Content ↓

Canada: OSC Publishes Report on Exempt Market Activity

The Ontario Securities Commission recently published OSC Staff Notice 45-717 - Ontario's Exempt Market: A review of capital raised in Ontario through prospectus exemptions since 2017.

Italy: "Legal Adviser of the Year"

Gianni & Origoni was named, for the fourth year in a row, "Legal Adviser of the Year" for Italy at the 2020 Mergermarket Europe M&A Awards.

Thailand: End of Leniency for the Postponement of Shareholders' Meetings to Approve Financial Statements

The Department of Business Development issued a notification on November 2, 2020 that no longer permits the postponement of shareholders' meetings to approve financial statements beyond the prescribed deadline (which is four months after the end of their fiscal year).

Singapore: FinanceAsia Achievement Awards

We are pleased to announce that WongPartnership has won awards for "Megatrend Deal of the Year - Property" and "Top Three Deals in Southeast Asia" at the FinanceAsia Achievement Awards 2020 for our involvement as a legal advisor to CapitaLand Commercial Trust in the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust.

Russia: New Company Registration Forms - A Further Step Toward Transparency

On November 25, Russia enacted an Order approving new forms for registering changes in the Unified State Register of Legal Entities. The number of registration forms for legal entities will decrease: there will be seven instead of 12 forms with some now combined into a single form.

Peru: Another Historical Bond Issuance by the Republic of Peru

Payet, Rey, Cauvi, Pérez Abogados advised the underwriters in connection with a global bond issuance in the international markets by the republic of Peru for a total of USD 4 billion. 

France: Share Deal - What Happens if Seller Fails to Mention a Significant Customer Contract

The Paris Court of Appeals ruled on the consequences of the seller's failure to mention the existence of a significant customer contract in the representations whereas it had warranted to the purchaser that such representations were complete and exhaustive.

Germany: Advises on Joint Venture for the Expansion of Fiber Optics in Germany

Telefónica SA, through its subsidiary Telefónica Infra S.L.U., together with the investor Allianz Capital Partners, acting on behalf of various Allianz insurance companies and the Allianz European Infrastructure Fund, is planning an investment worth billions in the expansion of the German fiber optic network.

Argentina: Acquisition by Cargill of 30% of Ledesma's Shares ini Glucovil

Bruchou advised Cargill in the acquisition of Ledesma S.A.A.I.'s total interest in Glucovil Argentina S.A. The transaction was closed for USD 34.3 million, and as a consequence, the Cargill group will become the only shareholder of Glucovil.

M&A Strategies for the Acquisition of Insolvent/Financially Distressed Targets

Together with WLG's Restructuring & Insolvency Resolution Group, the ICT Group hosted a webinar during the Fall eConference at which they reviewed and considered some of the strategic opportunities and pitfalls associated with acquiring a financially distressed target. 

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