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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. -
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. -
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. -
Most Influential Women Lawyers in Chicago
CRAIN’S CUSTOM CONTENT MOST INFLUENTIAL WOMEN LAWYERS IN CHICAGO elcome to the inaugural edition of The Most Infl uential Every one of the profi les in this section is drawn from the Women Lawyers in Chicago, a special custom content nomination materials submitted, and no lawyer paid to be Wsection from Crain’s Custom Media. featured. But because this honor is bestowed only upon lawyers for whom nominations were submitted, this year’s list is The 60 women featured alphabetically in these pages represent not comprehensive. an impressive cross-section of the Chicago-area legal community. Many of them have practiced with distinction for decades, while We trust that as this Most Infl uential list becomes a new tradition others are on-the-rise attorneys making their mark. in the Chicago legal community, the pool of potential honorees will continue to grow. Meanwhile, enjoy reading about the Some have helped set new legal precedents at the U.S. Supreme achievements of what is a truly impressive fi rst class, and please Court while others have developed winning legal theories that join us in congratulating them. Marcy Kott Zora Ristanovic have become standard in state and federal courts. All make it a point to mentor other women lawyers and to give back to their CUSTOM MEDIA community in myriad ways. CRAIN’S A DIVISION OF CRAIN’S CHICAGO BUSINESS We Proudly Congratulate Our Partners, Marcy Kott and Zora Ristanovic, Recipients of Chicago’s Most Influential Women Lawyers 2017. More than half of the attorneys in Congratulations to all of the our firm are women. -
Growing Exponentially | 2013 Annual Report Darcell Creswell (2013 Graduate) Girls 4 Science Participant Receiving Scholarship from Board Member Elaine Harris
1 Girls 4 Science: Growing Exponentially | 2013 Annual Report Darcell Creswell (2013 graduate) Girls 4 Science Participant receiving scholarship from Board member Elaine Harris Participating in Girls 4 Science has made it clear to me that the infl uence of women in science, technology, engineering and math is every woman’s legacy from birth. I am now more interested in subjects like Horticulture, Genetics and Engineering because of the mentors who took time out of their schedules to facilitate themed fi eld trips and class activities while I was in G4S. I am very thankful to have been recognized as a 2013 G4S scholarship recipient and I will use my education at Western Illinois University to continue to “overcome barriers and excel in STEM. ” Contents 1 Girls 4 Science Graduate, Darcell Creswell 3 Letter from the Executive Director, Jackie Lomax 4 Girls 4 Science: Girls Growing Exponentially 5 Partnerships Helping Girls 4 Science Grow Exponentially 6 Girls 4 Science 2013 Report Card 7 Oh the Places You’ll Go- 2013 Explorations 8 Girls 4 Science Sites of Operation 9 Girls 4 Science Graduate, Leona Barnes 10 Girls 4 Science Accomplishments: Heights Reached 11 Letter from the Board President, Linda Boasmond 12 Girls 4 Science Leadership 13 Girls 4 Science Financial Report: 2013 in Review 14 2013 Giving List 15 Girls 4 Science Volunteers The mission of Girls 4 Science (G4S) is to increase science literacy amongst girls ages 10-18 through scientifi c discovery and collaboration with external partnerships. 3 Girls 4 Science: Growing Exponentially | 2013 Annual Report irls 4 Science (G4S) continues to make great strides for science, technology, engineering and Letter from mathematics equality through its Saturday Science Academy program. -
Andrew Warmus
Andrew Warmus Partner [email protected] Baker & McKenzie LLP T + 1 312 861 7966 Chicago F + 1 312 698 2796 Related Expertise Biography Mergers & Acquisitions Andrew Warmus is a partner in Baker McKenzie's Corporate & Securities Practice Group. He mainly advises on transactional matters, including mergers and Private Equity acquisitions, joint ventures and other strategic transactions. Andrew has broad experience representing multinational public and private companies in acquisitions Languages and divestitures across multiple industries, including regulated industries such as English healthcare. Practice Focus Andrew guides buyers and sellers in complex, domestic and cross-border acquisitions, divestitures and strategic transactions often involving intricate, multijurisdictional carve-out transactions in regulated industries. His practice also includes negotiating venture capital investments as well as equity and debt financings. He also advises on general corporate matters. Representative Legal Matters Represented Abbott Laboratories in the sale of the St. Jude Medical Angio-Seal and FemoSeal vascular closure devices business to Terumo Corporation. Represented ARIAD Pharmaceuticals in the divestiture of its European https://www.bakermckenzie.com/en/people/w/warmus-andrew 1 operations to Incyte Corporation. Represented CommScope in its acquisition of telecom, enterprise and wireless businesses from TE Connectivity. Represented Abbott Laboratories in connection with the sale of its non-US developed markets specialty and branded -
Best Law Firms Event Overview
#BestLawFirms 2019 Best Law Advisory Board Dana Alvaré / Reed Smith Molly McDonouGh / ABA Journal Rina Alvarez / Kirkland & Ellis Joanne Moffic-Silver / ChicaGo Board Options ExchanGe- Genhi Bailey / Perkins Coie retired Olivia Blair / O’Melveny & Myers Molly NehrinG / Reed Smith Brenda Carr / Arnold & Porter Sally Olson / Sidley Austin Marredia Crawford / Baker McKenzie Rick Palmore / Dentons US Amber HaGGins / Katten Carol Poplawski / OGletree, Deakins, Nash, Smoak & Stewart Amy Hinzmann / Consilio J. Ramon Rivera / Baxter Healthcare Lindsey HoGan / FaeGre Baker Daniels Alexis Robertson / Baker McKenzie Stacey Kielbasa / Chapman & Cutler Kia Scipio / Fish & Richardson Jennifer Kraft / Seyfarth Shaw Kim Seten / ConstanGy, Brooks, Smith & Prophete Sharon LeppinG Pool / McDonald’s Kelly M. Struck / Consilio Liz McCloy / Sidley Austin Natalie Vujko / DLA Piper #BestLawFirms Amanda Zablocki / Sheppard Mullin, Richter & Hampton Progress is slow at most levels for women #BestLawFirms Increased emphasis in promoting women to equity partner #BestLawFirms The total percentages of women equity partners haven’t changed much #BestLawFirms More women on influential committees #BestLawFirms Significant increase in sponsorship programs for women lawyers #BestLawFirms Increase in the percentage of firms providing bias training and gender education #BestLawFirms ON THE LIST ON THE LIST Sponsored by ON THE LIST #BestLawFirms Moderator: Subha V. Barry / President / Working Mother Media Panelists: Roger P. Furey / Chairman / Katten Mary C. (Molly) Moynihan -
[UNCLASSIFIED] Official Information Request Reference: 2021-005 23 March 2021 Email
[UNCLASSIFIED] Official Information request reference: 2021-005 23 March 2021 Email: Dear Thank you for your Official Information Act request, received on 17 March 2021 for the following: “all correspondence between Jan 11 and today between the Climate Change Commission and members of the media who were given embargoed materials on the draft report prior to February 1 at 1pm; any correspondence between any Commission staff, members of the Prime Minister’s office, School Strike for Climate, and reporters who asked to receive embargoed materials but were denied over the same period; any advice, documents or correspondence detailing why certain reporters and activists were given special treatment and why some should not receive earlier embargoed material”. Thank you for your patience with our need to extend the deadline for responding to your request out to 23 March 2021. We have interpreted your request to include the following material: • Discussions (emails) with journalists on the release of the Commission’s draft report (Attachment 1). • Correspondence with the Prime Minister’s Office on the draft report and its release on 31 January 2021 (Attachment 2). • Correspondence with journalists who were not given embargoed copies (Attachment 3). • Communications plans (including Board papers) relating to the release of the Commission’s draft (Attachment 4). • Internal emails on release planning (Attachment 5). Please note that Attachment 1 includes papers approved by the Board. The minutes of Board meetings (which will relate to some of these papers) are publicly available and can be accessed on our website: https://www.climatecommission.govt.nz/who-we-are/corporate-publications/commission-board-minutes/. -
Beyond Radicalisation (Excerpt)
Beyond Radicalisation (excerpt) Designing the Role of Civil Society to combat radicalisation in New Zealand and the Pacific CID Discussion paper prepared for the Council for International Development (CID) Author: Faried F. Saenong Formally Lecturer at the Institute of Qur’anic Studies Jakarta, and Expert Staff member for the Deputy Minister of Religious Affairs, Jakarta-Indonesia. December 2018 1.0 Introduction The spread of Islam in these countries (Pacific Islands) will pose a grave threat to Australia, New Zealand, Singapore and other Non-Muslim Countries in this area. (Margaret, 8 August 2007)1 Before March 15, you might have thought that New Zealand and the Pacific island countries would be immune from terrorists attack, whether from white supremacists or from the geographically long reach of ISIS. However, radicalisation, terrorism, and violent extremism are real threats to international peace and security globally, regionally, and nationally. Other regions which are geo-politically ‘away’ from zones of conflict including New Zealand and other Pacific island countries are no exception. My focus here is on the threat from Islamist radicalisation in New Zealand and the Pacific region, and how to effectively respond. The principles could be applied to terrorist threats from white supremacism too, although my primary focus in this paper is on Islamist radicalisation. New Zealand has not been immune to this threat. A female Somali refugee Asha Ali Abdille was sentenced to nine years for trying to hijack an Air New Zealand aircraft (Hallett 2010). A Maori man, Kireka-Whaanga openly announced his full support for ISIS and suggested Kiwi fighters should not be stopped from joining ISIS.