2018 Ed to Those Gaps This Year Is by Expanding Into Providing Direct from the President and Executive Director Services
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Emerging Markets M&A Review
Emerging Markets M&A Review FULL YEAR 2020 | LEGAL ADVISORS Emerging Markets Mergers & Acquisitions Review Full Year 2020 | Legal Advisors Emerging Markets Deals Intelligence Emerging Markets Announced Target M&A $1,000 16,000 EMERGING MARKETS DEAL MAKING FALLS 5%; SECOND HALF REBOUNDS 46% M&A activity with emerging markets involvement totaled US$955.1 billion during full year 2020, a 5% $900 14,000 decline compared to 2019 levels and the slowest annual period for emerging markets deal making since 2014. The second half of 2020 registered a 46% increase compared to the first half of the year, marking $800 the strongest six-month period for emerging markets M&A since 2015. By number of deals, emerging 12,000 markets deal making declined 6% compared to full year 2019, a six-year low. $700 10,000 $600 ENERGY & POWER, FINANCIALS & TECH LEAD EMERGING MARKETS SECTOR MIX Deal making in the Energy & Power sector totaled US$173.9 billion during full year 2020, a 16% $500 8,000 decrease compared to full year 2019. Financials M&A accounted for 16% of activity, while Technology M&A accounted for 14% of overall emerging markets M&A during full year 2020. Collectively, the top $400 three industries accounted for 48% of total emerging markets deals this year, on par with a year ago. 6,000 $300 CHINA, INDIA & RUSSIA DRIVE MORE THAN TWO-THIRDS OF EMERGING MARKETS M&A 4,000 M&A activity involving targets in China, India and Russia accounted for 67% of overall emerging markets $200 M&A activity during full year 2020, up from 48% during 2019. -
May 1–2, 2014 | Chicago
May 1–2, 2014 | Chicago Practical Guidance For Today’s Legal Challenges Diane Swonk, Chief Economist, Mesirow Financial, presenting an economic overview of the market A Conversation with Keith F. Higgins, Director, Division of Corporation Finance, SEC Remarks by James R. Doty, Chairman, Public Company Accounting Oversight Board Two-session hypothetical addressing the Lifecycle of Managing Shareholder Activism www.law.northwestern.edu/professionaled PROGRAM Thursday, May 1, 2014 7:30 a.m. | Registration and continental breakfast 12:30–1:45 p.m. | Institute Lunch Sponsored by Houlihan Lokey, Inc. 8:15–8:30 a.m. | Welcome and Overview Daniel B. Rodriguez, Dean, Harold Washington Professor, 1:45–2:45 p.m. | A Conversation with the Director of Northwestern University School of Law, Chicago the Division of Corporation Finance Joseph P. Gromacki, Institute Chair, Jenner & Block LLP, Chicago Keith F. Higgins, Director, Division of Corporation Finance, SEC, Washington, D.C. 8:30–9 a.m. | Keynote Address Moderators Diane Swonk, Chief Economist, Mesirow Financial Holdings, Robert C. Shrosbree, Executive Director Legal, Corporate & Inc., Chicago Securities, General Motors Company, Detroit William J. Tolbert Jr., Jenner & Block LLP, Washington, D.C. 9–9:15 a.m. | Break 2:45–4:15 p.m. | Key Disclosure Issues for 2014 9:15 a.m.–12:30 p.m. Including Shelley Parratt’s THE LIFECYCLE OF MANAGING “Top Ten” SHAREHOLDER ACTIVISM: THE CORPORATE • Lessons learned from the JOBS Act confidential PROCESS EXAMINED review process A two-session hypothetical examining the legal, • Practical advice on responding to SEC Staff financial, and investor communication challenges comments presented by shareholder activism. -
Here Restitution Was Ordered As the Firm Picked up a GAR Award in That Year in the “International a Remedy
GAR 100 2020 The firm is representing investors in claims against Montenegro, Tanzania and Venezuela, having previously acted in claims against Steptoe & Johnson Turkey and Jordan. It helped Canada defeat two NAFTA claims in the mid-2000s. Pending cases as counsel 11 Other government clients are Argentina, the Dominican Republic, Value of pending counsel work US$1.5 billion+ Guatemala and South Korea. The firm has also been helping China Treaty cases 8 to negotiate an investment treaty with the EU. Third-party funded cases 1 Current arbitrator appointments 4 (3 as chair or sole) Track record Lawyers sitting as arbitrator 1 Steptoe & Johnson’s most impressive results to date have been for the von Pezolds, a Swiss-German family of farmers, in a pair of Has strengthened its investor-state team with some ICSID claims against Zimbabwe concerning the controversial land significant hires and is now instructed on a US$350 reform programme of former president Robert Mugabe. The firm million ICSID claim against Colombia won a pair of awards in 2015 requiring the state to return land it had expropriated or pay US$195 million in compensation. An ICSID US-based Steptoe & Johnson has worked on arbitrations for a annulment committee upheld the awards in November 2018. It was number of years, but 2016 marked a turning point after it achieved one of the first ICSID matters to consider discrimination on the outstanding results in a pair of ICSID cases against Zimbabwe. basis of race, and one of the few where restitution was ordered as The firm picked up a GAR Award in that year in the “international a remedy. -
Mandating Diversity: the Inclusion Clause
Call to Action Sara Lee's General Counsel: Making Diversity A Priority By Melanie Lasoff Levs For some committed general counsel, the standard talk about diversity is only a starting point. Recently, many corporate attorneys decided it was time to demand specific actions and results-with very real consequences. In spring 2004, Sara Lee General Counsel Roderick Palmore created "A Call to Action: Diversity in the Legal Profession," a document reaffirming a commitment to diversity in the law profession and taking action to ensure that corporate legal departments and law firms increase the numbers of women and minority attorneys hired and retained. And if law firms don't, the document states, "We [the undersigned corporate legal department representatives] further intend to end or limit our relationships with firms whose performance consistently evidences a lack of meaningful interest in being diverse." (See the sidebar in this article for the complete text.) Palmore wrote the Call to Action to build on a previous manifesto: former BellSouth General Counsel Charles Morgan's "Diversity in the Workplace: A Statement of Principle," written in 1999. "In that [document], signatories espoused an interest in diversity and the principle of diversity, which was a fabulous thing at the time," Palmore says. "But it struck me that not enough has happened. The progress of the profession-and more specifically the progress of large law firms-had stagnated." The Call to Action takes the Statement of Principle a step further, Palmore adds. "Its purpose is to take the general principle of interest in advancing diversity and translate that into action, into a commitment to act on, to make decisions about retaining law firms based in part on the diversity performance of those law firms." Discussion around the need for a Call to Action began in November 2003, when a group of general counsel gathered at the invitation of the Minority Corporate Counsel Association (MCCA®), and the Association of the Corporate Counsel (ACC). -
Exelon Corp. V. Commissioner
Tax News and Developments North America Tax Practice Group Newsletter November 2018 | Volume XVII, Issue 10 Second Circuit Decides that Modification of In This Issue: Variable Prepaid Forwards was Taxable Second Circuit Decides that Modification of Variable The US Court of Appeals for the Second Circuit handed the taxpayer a major Prepaid Forwards was defeat in a case of first impression regarding the tax consequences of modifying Taxable variable prepaid forward contracts (“VPFCs”). In Estate of McKelvey v. Closing Down the SILO: Commissioner, No. 17-2554 (2nd Cir. 2018), the Second Circuit determined that Exelon Corp. v. Commissioner the amendments to the VPFCs (i) resulted in an exchange of the original VPFC Common Interest Privilege for the amended VPFC, and (ii) triggered constructive sales of the stock Affirmed as Supreme Court of Canada Refuses to Hear underlying the VPFCs. Government Appeal Andrew McKelvey was the founder and CEO of Monster Worldwide. McKelvey New IRS Guidance Opens Door to Use of Qualified owned millions of Monster shares. In 2007, he entered into a VPFC with each of Opportunity Zones two investment banks. Under the VPFCs, the banks paid McKelvey an upfront China Expands Scope of cash payment of approximately $194 million. The VPFC required McKelvey to Reinvestment Incentive to All deliver a variable number of Monster shares to the bank counterparty on the MNC Projects settlement dates specified in the VPFC. The number of shares McKelvey had to UK Budget 2018: What You deliver to the bank depended upon the value of the shares on the settlement date Need to Know and was subject to a cap and a floor. -
International Trade Compliance Update
International Trade Compliance Update (Covering Customs and Other Import Requirements, Export Controls and Sanc- tions, Trade Remedies, WTO and Anti-Corruption) Newsletter | May 2017 In This Issue: World Trade Organization (WTO) World Customs Organization (WCO) Other International Matters The Americas - Central America The Americas - North America The Americas - South America Asia-Pacific Europe, Middle East and North Africa Trade compliance enforcement ac- Please see our Webinars, Meetings, Seminars section for the full schedule of tions - import, export, IPR, FCPA webinars in this series, names of speakers, contacts and information on how to Newsletters, reports, articles, etc. register for one or more of these complimentary webinars, as well as information on other events and links to video recordings of past webinars. Webinars, Meetings, Seminars, etc. WTO TBT Notifications CBP Rulings: Downloads and Searches To keep abreast of international trade-related news, visit our blogs: CBP Rulings: Revocations or Modifi- cations For International Trade Compliance Updates, please regularly visit . European Classification Regulations www.internationaltradecomplianceupdate.com Amendments to the CN Explanatory For additional articles and updates on trade sanctions, export controls and relat- Notes ed subjects, please visit: http://sanctionsnews.bakermckenzie.com/ regularly. Section 337 Actions For resources and news regarding international trade, particularly in Asia, please Antidumping, Countervailing Duty visit our new Trade Crossroads blog at http://tradeblog.bakermckenzie.com/. and Safeguard Investigations, Or- ders & Reviews To see how the UK referendum on exiting the EU (Brexit) may affect your busi- ness, visit http://brexit.bakermckenzie.com/ For additional compliance news and comment from around the world, please visit http://globalcompliancenews.com/. -
Hewlett Packard Enterprise 3000 Hanover Street, Palo Alto, CA, 94304 Children’S Rights Summit 2017 December 5, 2017 | Hewlett Packard Enterprise | Palo Alto, CA
Tuesday 5 December 2017 Hewlett Packard Enterprise 3000 Hanover Street, Palo Alto, CA, 94304 Children’s Rights Summit 2017 December 5, 2017 | Hewlett Packard Enterprise | Palo Alto, CA Welcome to the 4th Annual CHILDREN’S RIGHTS SUMMIT, an event that has evolved in substance and scope every year. This year is no exception. Inaugurating in 2014, we asked ourselves, “What can we do for children’s rights?” We created a community meant to challenge the status quo and broaden the reach by engaging other innovative thinkers in solutions needed to realize rights of children and youth. In 2015, we demanded of ourselves and our community, “If we can, we must.” Last year, we flipped the script to challenge ourselves to driving toward solutions by agreeing, “We can, so we must.” In 2017, a time of unprecedented challenges, we find ourselves forced to push ourselves further as a community to figure out what we must do and create to make a meaningful impact. Today, we ask one simple question: “WHY CAN’T WE?” Why can’t we do better? Why can’t we do better for kids in multiple systems? Why can’t we help children burdened by the place and circumstances we put them in overcome those very challenges to achieve a safe, happy and healthy live? Why can’t we get kids to the point of success, much less survival? We are a community ripe with talent, resources, commitment, innovation and reinvention. Why can’t we put that power into play to make life better for these kids? Today we find ourselves settling for a system of children’s justice that fights only to reach a paltry, bare minimum standard at best. -
Public Interest
AGENDA KEYNOTE SPEAKERS JUNE 24, 2020 3:00 PM — 3:30 PM KEITH ELLISON MINNESOTA ATTORNEY GENERAL Keith Ellison is Minnesota’s 30th attorney general. As the People’s Lawyer, Attorney General Ellison’s job is to help Minnesotans afford their lives and live with dignity, safety, and respect. Ellison will address PBI conference attendees and guests virtually to discuss racial justice. He will follow his keynote address with a short Q & A. From 2007 to 2019, Keith Ellison represented Minnesota’s 5th Congressional District in the U.S. House of Representatives, where he championed consumer, worker, environmental, and civil- and human- rights protections for Minnesotans. Before being elected to Congress, Attorney General Ellison served four years in the Minnesota House of Representatives. Prior to entering elective office, he spent 16 years as an attorney specializing in civil-rights and defense law, including five years as executive director of the Legal Rights Center, a public-interest law firm. There he oversaw a team of attorneys focused on delivering justice for Minnesotans who had nowhere else to turn. He was also a noted community activist. JUNE 25, 2020 4:30 PM — 5:00 PM STACEY ABRAMS BESTSELLING AUTHOR, NONPROFIT CEO, POLITICAL LEADER Stacey Abrams is a New York Times bestselling author, serial entrepreneur, nonprofit CEO, and political leader. After serving for 11 years in the Georgia House of Representatives, seven as Democratic Leader, in 2018, Abrams became the Democratic nominee for Governor of Georgia, winning more votes than any other Democrat in the state’s history. Abrams will address PBI conference attendees and guests virtually to discuss racial justice and voter suppression. -
ONE JUSTICE CHICAGO Williams, Bax & Saltzman, P.C
JOIN US AT THE 2019 CARPLS BOARD OF DIRECTORS GOLDEN GAVEL CELEBRATION PRESIDENT SECRETARY DAVID B.H. WILLIAMS MICHAEL B. SLADE 2019 GOLDEN GAVEL CELEBRATION ONE JUSTICE CHICAGO Williams, Bax & Saltzman, P.C. Kirkland & Ellis LLP VICE PRESIDENT TREASURER SARAH M. KONSKY G. SCOTT SOLOMON University of Chicago Law School Charles River Associates ONE BOARD BRUCE R. BRAUN SARAH M. PADGITT JUSTICE GOLDEN GAVEL RALPH A. GABRIC Sidley Austin LLP Baxter International Inc. AWARDEE AWARDEE BILL CLEAVER PAMELA L. PETERS Consilio The Northern Trust Company CAMERON FINDLAY SHAWN F. FAGAN SEAN W. GALLAGHER CHICAGO Senior Vice President, Managing Director ANDREW K. POLOVIN General Counsel and Secretary & Chief Legal Officer Bartlit Beck LLP Uptake Technologies, Inc. Archer Daniels Midland Company Citadel CHRIS A. HAMWAY ANDREW D. RICHMOND The Kraft Heinz Company Cornerstone Research GOLDEN GAVEL DINNER CO-CHAIRS Board Liaison DANIEL D. RUBINSTEIN MARQUEE ANNIVERSARY MARQUEE ANNIVERSARY SAMUEL K. SKINNER ADAM L. HOEFLICH DANIEL D. RUBINSTEIN KYLE R. HARTMAN Winston & Strawn LLP SPONSOR SPONSOR Of Counsel Partner Partner CNA Greenberg Traurig, LLP Bartlit Beck LLP Winston & Strawn LLP SUSAN J. SCHWARTZ JOSEPH F. HETZ Corboy & Demetrio, P.C. Brinks Gilson & Lione HONORARY COUNCIL KATHLEEN A. SWEITZER BRYAN LOCKE SUZANNE S. BETTMAN PATRICK J. FITZGERALD BRETT J. HART Aon LSC Communications, Inc. Skadden, Arps, Slate, Meagher United Airlines, Inc. Sard Verbinnen & Co. & Flom LLP and Affiliates ERIC MATREJEK LATASHA R. THOMAS THOMAS A. COLE PETER M. LIEB Clark Hill PLC Sidley Austin LLP MAGGIE A. HICKEY Aon PricewaterhouseCoopers Schiff Hardin LLP Advisory Services LLC AMY VAN GELDER Skadden, Arps, Slate, Meagher GOLDEN GAVEL COMMITTEE CO-CHAIRS ANDREW F. -
Literacy Unleash the Power
Literacy Unleash the Power Illinois Reading Council Conference March 13-15, 2008 Springfield, Illinois Dear Colleagues, On behalf of the Executive Board, the IRC staff, and the 2008 Conference Committee members, I would like to welcome you to our 40th Annual Illinois Reading Council Conference. We are thrilled you chose to join other educational professionals to attend what promises to be an enlightening and entertaining conference. Our theme for the 2008 Illinois Reading Council Conference is Literacy: Unleash the Power. The theme’s logo includes a book (for obvious reasons) and a flash of lightning (for not quite as obvious a reason). While lightning may seem at first glance ominous and foreboding, it is also quite beautiful and fascinating. One of nature’s most powerful forces, lightning can reach over five miles in length and soar to approximately 50,000 degrees Fahrenheit. It contains 100 million electrical volts. Now that’s power. Lightning is also a study in contrasts. Though the lightning itself is hotter than the surface of the sun, ice in the cloud is a key element in the development of lightning. The varying size of the ice crystals cause rising and sinking motions resulting in particle collisions. Positively charged ice crystals rise to the top; negatively charged ice particles drop to the middle and lower parts of the storm. The result is a spark of lightning. Similar to lightning, literacy experiences can be ominous, foreboding, beautiful, fascinating, positive, and negative. The combination of elements at any given moment contributes to whether students rise to the top or find themselves lost in a storm. -
Patricia Brown Holmes 2015-16 CBA President
SEPTEMBER 2015 CBA Committee Chair/Vice-Chair Directory Enclosed Patricia Brown Holmes 2015-16 CBA President Competitive fees for referring attorneys One of the top trial records in Illinois Success rate of almost 98% of cases at trial Record high verdicts and settlements in Cook, DuPage and Will Counties Over $550 million in verdicts and settlements on behalf of our clients 55 West Wacker Drive, Ninth Floor Chicago, Illinois 60601 312.629.2900 www.McnabolaLaw.com PERSONAL INJURY • TRUCKING NEGLIGENCE • MEDICAL MALPRACTICE • PRODUCT LIABILITY • AVIATION LAW WE ARE NOT JUST NURSING HOME LAWYERS We may be the go-to nursing home lawyers in Illinois, but we have repeatedly won multi-million dollar verdicts and settlements in a variety of serious injury, accident and medical malpractice matters. Most recently we recovered a $7.5 million settlement for an injured boat worker that was THE LARGEST JONES ACT RECOVERY EVER RECORDED IN ILLINOIS. Our firm held the previous Illinois record Jones Act settlement of $4.5 million set in 2008. OTHER NOTABLE RESULTS: • A $17.7 Million Medical Malpractice/Brain Injury Settlement • A $6.5 Million Birth Injury Settlement • A $6.5 Million Record Kane County Wrongful Death/Trucking Accident Settlement • A $2.4 Million Pedestrian Accident Verdict We’ve shared millions in attorney’s fees with our referring lawyers on many of these cases. CALL STEVE OR JOHN AT 312-332-2872 TO DISCUSS REFERRALS. 325 North LaSalle Street, Suite 450 • Chicago, Illinois 60654 • Phone: 312-332-2872 • Toll-free: 877-374-1417 • Fax: 312-332-3112 www.LevinPerconti.com • www.nursinghomelaw.com [email protected] CBA RECORD CONTENTS September2015•Volume29, Number5 6 President’s Page Access to Justice– INSIDE THIS ISSUE A Global Crisis 24 Ethical Limits on Witness Preparation 10 CBA News By Timothy J. -
MISSING PIECES Economic Development in Chicago Is a Tale of Two Cities, and the South and West Sides Struggle with the Worst of Times PAGE 27
These 50 NOTABLE WOMEN EXECS OVER 50 jumped hurdles to get where they are. PAGE 13 JOE CAHILL: Coronavirus has weakened Gogo’s governance. PAGE 4 CHICAGOBUSINESS.COM | APRIL 6, 2020 | $3.50 FORUM: INFRASTRUCTURE MISSING PIECES Economic development in Chicago is a tale of two cities, and the South and West sides struggle with the worst of times PAGE 27 FIND THE COMPLETE SERIES ONLINE STEPHEN J. SERIO J. STEPHEN Big insurer pushes Virus poses mortal envelope on exec pay threat to Sears Blues brass pockets double-digit raises while cutting sta Battered chain has few defenses against retail collapse BY STEPHANIE GOLDBERG CEO in July. Her total compen- Sears on April 3 announced sation surged 120 percent to $31 BY DALTON BARKER it would close stores at least Executive pay keeps climbing at million—about $12 million of Paula Steiner, who stepped down as CEO in A weakened Sears is facing until April 30, and furloughed Blue Cross of Illinois’ parent com- which was severance pay. July, received total compensation last year of what looks like its toughest test a majority of its employees. pany, even as the health insurance Board member David Lesar, who $31 million, including severance pay. yet: retail apocalypse. In addition, it enters the crisis giant lays o workers and took over as interim CEO, Traditional department stores with distinct vulnerabilities. looks for a new strategy. EXECUTIVE PAY: pocketed $6.2 million; rising uncertainty for the en- like Sears are su ering un- e Ho man Estates-based e 10 highest-paid Boards will walk Maurice Smith, who was tire health care industry, and precedented sales declines as company still counts on brick- employees at Health Care a tightrope amid named president, got $3.6 HCSC in particular.