Publication
What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Global | Publication | May 2017
On 21 April 2017 the government launched a consultation on the United Kingdom’s future legal framework for imposing and implementing sanctions (the Consultation). The Consultation paper sets out the government’s proposals for, and invites responses on, the future framework for sanctions regimes once the UK has completed its withdrawal from the European Union. This is necessary because many powers used in relation to sanctions exist by virtue of the UK’s membership in the EU.
As with the Policing and Crime Act, the Consultation demonstrates the UK government’s intent that the UK sanctions regime will become more important in a post-Brexit world. Whilst the basic tools available to it are unlikely to change, the focus on sanctions early in the two-year Article 50 exit period signals their value. How UK foreign policy will or will not diverge from EU policy remains to be seen, but an interest in increased enforcement is obvious. In their risk and compliance reviews, corporates and financial institutions alike would do well to anticipate enhanced scrutiny from OFSI and coordination with its US counterpart, OFAC.
As with the Policing and Crime Act, the Consultation demonstrates the UK government’s intent that the UK sanctions regime will become more important in a post-Brexit world. Whilst the basic tools available to it are unlikely to change, the focus on sanctions early in the two-year Article 50 exit period signals their value. How UK foreign policy will or will not diverge from EU policy remains to be seen, but an interest in increased enforcement is obvious. In their risk and compliance reviews, corporates and financial institutions alike would do well to anticipate enhanced scrutiny from OFSI and coordination with its US counterpart, OFAC.
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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