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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.
United States | Publication | December 17, 2021
Los Angeles officials have announced the legislative launch of a "community engagement process" in pursuit of the city's building decarbonization policy, a principle outlined in the LA Green New Deal.
Mayor Eric Garcetti claims that "[d]ecarbonizing our buildings will make it possible for us to reduce Angelenos' utility bills and create thousands of green jobs." How these goals will be achieved is not specifically described. The city's buildings purportedly account for 43 percent of all carbon emissions produced in the region. Virtually all residents' energy and transportation costs have risen steadily over recent years as they are called upon to pay higher prices (often the highest in the nation) for electricity, natural gas, water, sewer, sanitation services and gasoline. The city has set a notional deadline of 2035 to convert to "100 percent clean energy."
In November 2021, the Los Angeles Department of Transportation announced it had been awarded a US$6 million grant by the California Energy Commission to install one of the largest EV fleet charging systems in the country. It will be powered by a solar microgrid.
Norton Rose Fulbright is at the forefront of counseling clients on the real estate, infrastructure and other legal implications of the LA Green New Deal, and we encourage you to contact us to discuss the effect of these issues on your business and facilities.
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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