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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.
In 1980, the New York Court of Appeals adopted §766 of the Restatement (Second) of Torts as the standard for a cause of action for tortious interference with contract in New York. Guard-Life v. S. Parker Hardware Mfg., 50 N.Y.2d 183, 189-90 (1980); see Alken Indus. v. Toxey Leonard & Assocs., 2013 N.Y. Slip Op. 31864(U), at *5 (Suffolk Co. Aug. 2, 2013). The Restatement defines tortious interference with contract as “intentionally and improperly interfer[ing] with the performance of a contract… between another and a third person by inducing or otherwise causing the third person not to perform the contract.” Restatement (Second) of Torts §766 (Am. L. Inst. 1977). The requirement in this definition of “inducing or otherwise causing” the third person not to perform its contract has been extensively litigated in New York courts, which have required a somewhat heightened pleading standard for that element.
Read the full New York Law Journal article, "Pleading the element of inducement for tortious interference with contract claims."
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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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