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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.
The Australian IP Report 2022 is now out. The IP trends in Australia in 2021 reflect how the population has been adapting to the global COVID-19 pandemic. We may have been hugging less ‘IRL’ and instead having more virtual hangouts (while also talking over one another on Teams/Zoom before we learnt the ‘e-tiquette’) but creativity thrived in 2021 and applications to register various IP rights were prolific. The key Australian IP trends from the report are summarised below.
Uptake on all three registrable IP rights was on the increase in 2021 and, whilst Australia no longer has an innovation patent, this upward trend is likely to continue throughout 2022.
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It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
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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.
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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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