LathamGermany

Insights and ideas on the market trends and legal developments impacting German business at home and abroad

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As litigation funders find new disputes markets, PE firms should consider litigation funding as a growth sector — and as a valuable tool for de-risking portfolio company claims. By Stuart Alford, Dan Smith, David Walker, Tom Evans, and Catherine Campbell Litigation funding, the third-party financing of legal costs in disputes, is increasingly common in the UK. As litigants have become comfortable with sophisticated litigation funders, these funders are responding to business needs,…
European regulators’ openness to PE investors is presenting attractive banking sector opportunities, but such opportunities require careful regulatory planning and local issue navigation. By Carl Fernandes, Hans-Jürgen Luett, David Walker, Tom Evans, and Catherine Campbell Ten years ago, a PE investment in a European bank would have been a rare occurrence. However, more recently, PE firms have deployed capital in the banking sector, encouraged by changing regulatory perceptions of PE bidders.…
We examine: increasing focus on non-controlling stakes, burdensome document production requests, heightened enforcement of gun jumping rules, examination of vertical deal overlaps, and ongoing political developments. By John Colahan, Peter Citron, Calum Warren, David Walker, Tom Evans, and Catherine Campbell In a continually evolving antitrust landscape, we consider five key trends that PE deal teams should be aware of. Focus on Non-Controlling Stakes in Competing Companies Antitrust authorities are paying…
Regulatory guidance on cryptoassets and digital currency companies may lead to a legitimisation of crypto-businesses as an investable asset class. By Stuart Davis, Sam Maxson, David Walker, Tom Evans, and Catherine Campbell Recent and upcoming regulatory guidance on cryptoassets and the regulation of companies engaged in digital currency, such as issuers, crypto-exchanges, crypto-custodians, crypto-brokers, and other service providers, could help facilitate private equity investment in this space. While there has been…
DSGVO für Manager: Wie vermeidet man hohe Datenschutz-Bußgelder? Von Tim Wybitul Datenschutz und Cyber-Risiken zählen zu den wichtigsten Themen für Unternehmen (WiWo). Das liegt nicht zuletzt an den hohen Bußgeldern und der drohenden persönlichen Haftung der Manager. Erst kürzlich verhängte die französische Datenschutzbehörde CNIL ( WiWo) gegen ein IT-Unternehmen ein hohes Bußgeld. Dieser Blog beschreibt das Vorgehen der Datenschutzbehörden bei der Ermittlung möglicher DSGVO-Verstöße. Und er zeigt, wie sich Manager effektiv gegen…
The European Commission adopted its adequacy decision for Japan on 23 January 2019, opening the doors for personal data to flow freely between the two major global economies. By Fiona M. Maclean and Laura Holden The Adequacy Decision Following two years of dialogue between the European Union (EU) and Japan, the European Commission (EC) adopted its mutual adequacy decision (Decision) for Japan on 23 January 2019. As noted in the EC’s press release, the…
EU data protection authorities are imposing increased penalties under the GDPR, with more proceedings forecast for 2019. By Tim Wybitul, Prof. Dr. Thomas Grützner, Dr. Wolf-Tassilo Böhm, and Dr. Isabelle Brams The General Data Protection Regulation (GDPR) has been in effect since May 2018. Although the French data protection authority (CNIL) has imposed the highest fine to date — €50 million on 21 January 2019 — German federal data protection authorities have already…
Sponsors outside the European Union conducting clinical trials in the EU should consider current guidelines and the Breyer case to understand whether GDPR requirements will apply to them. By Gail Crawford and Frances Stocks Allen Many sponsors of clinical trials believe that companies based outside the EU who sponsor clinical trials conducted in the EU through clinical research organisations (CROs) and/or clinical sites do not themselves need to comply with the General Data Protection Regulation…
By Drew Levin. Maarten Overmars, Richard Butterwick, Terry Charalambous, and Catherine Campbell Warranty and indemnity insurance (W&I) has become a common feature of European transactions in recent years, amid a strong sellers’ market that has enabled vendors to offload risk to buyers. According to the most recent edition of the Latham & Watkins Private M&A Market Study, which examined transactions between July 2016 and June 2018, the proportion of transactions employing W&I…
Germany’s first GDPR fine offers lesson for companies planning a data breach policy. By Tim Wybitul, Wolf-Tassilo Böhm, and Isabelle Brams In November 2018, Germany’s first fine under the General Data Protection Regulation (GDPR) was imposed — and it was much lower than many expected. The favourable outcome of the proceedings for the defending company demonstrates that, with a proper defence strategy, GDPR infringements may not necessarily end in a worst-case scenario for…