Mergers and acquisitions law Books

Book SynopsisTable of ContentsIntroduction 1 Part 1: Planning to Do a Transaction 9 Chapter 1: Explaining Mergers and Acquisitions 11 Chapter 2: Learning M&A Rules and Decorum 27 Chapter 3: Utilizing the M&A Process 37 Chapter 4: Making Sense of the Economics of M&A 43 Chapter 5: Finding Buyers and Sellers 67 Part 2: Marketing the Transaction 101 Chapter 6: Explaining and Influencing Valuation 103 Chapter 7: Creating and Reviewing an Offering Document 129 Chapter 8: Reading and Writing the Offers 161 Part 3: Selling the Transaction 177 Chapter 9: Selecting Advisors 179 Chapter 10: Hiring an Investment Banker 193 Chapter 11: Arranging Meetings Between Buyer and Seller 207 Chapter 12: Financing the Transaction 219 Chapter 13: Learning How to Negotiate Successfully 245 Part 4: Concluding and Combining 267 Chapter 14: Confirming Due Diligence 269 Chapter 15: Documenting the Transaction 283 Chapter 16: Closing and Integrating the Acquisition 293 Chapter 17: Ensuring a Successful Acquisition 309 Part 5: The Part of Tens 325 Chapter 18: Ten Transaction Pitfalls 327 Chapter 19: Ten Reasons Acquisitions Fail 331 Chapter 20: Ten Lurking Problems for Sellers 335 Index 339

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Book SynopsisThorough due diligence is one of the most important ways to reduce risks in international M&A transactions, but relying solely on the buyer's domestic due diligence practices can be wasteful of time and resources and contribute to a buyer missing a critical issue or unknowingly assuming an unwanted liability. Understanding the intricacies of the legal landscape, cultural nuances, and trends in market practices in the jurisdiction in which a target is located will undoubtedly help ensure the next transaction is a successful one. International M&A Due Diligence, Second Edition, drafted by the International M&A Subcommittee, is structured to provide lawyers with an overview of essential considerations in planning and conducting M&A due diligence in each of the 20 covered countries. Based on a Model Questionnaire, the questions asked are generally from the perspective of a U.S. lawyer with limited familiarity with the local jurisdiction involved. The Model Questionnaire is included and can also be used as a helpful guide when embarking on due diligence in a country not covered in this book. In addition, local counsel were asked to "localize" a sample due diligence request list, which is based on the Form of Document and Information Request from the Manual of Acquisition Review. The localized request lists are presented in "redline" format, which the transactional lawyer will find particularly instructive.

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Book SynopsisInternational Merger Policy offers a compelling comparative assessment of domestic and regional merger laws and procedures. Identifying important areas of convergence and emerging best practice, it considers existing levels of international cooperation and highlights the key costs associated with transnational merger review before evaluating possible mechanisms by which they might be reduced.Presenting a holistic comparative treatment of competition law merger regulation and a discussion of policy justifications for merger regulation, this authoritative study tackles the significant challenge of how the costs and conflicts associated with overlapping applications of national merger regimes should be managed. It provides an assessment of areas of convergence and emerging best practice in the national and transnational treatment of mergers, as well as of the state of cooperation and comity in the treatment of transnational mergers. Finally, it offers an evaluation of costs and benefits of the current system of transnational merger regulation, in addition to an examination of proposals for reducing the existing cost burden.The book examines emerging best practice and evaluates the merits of various reform proposals, thus will be of great use to policy makers and competition agencies. It also provides a useful rounded review of key issues surrounding merger policy and practice. Therefore, this book is ideal for researchers and students in this field.Contents: 1. Introduction 2. Theoretical Framework for Merger Law and Policy 3. Substantive Merger Law 4. Merger Review Procedure 5. Merger Remedies 6. Extraterritorial Application of National Laws 7. The Role of Comity and Cooperation 8. The Cost of Transnational Merger Regulation 9. Proposals for Rationalization 10. Conclusion and Proposals for Reform IndexTable of ContentsContents: 1. Introduction 2. Theoretical Framework for Merger Law and Policy 3. Substantive Merger Law 4. Merger Review Procedure 5. Merger Remedies 6. Extraterritorial Application of National Laws 7. The Role of Comity and Cooperation 8. The Cost of Transnational Merger Regulation 9. Proposals for Rationalization 10. Conclusion and Proposals for Reform Index

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Book SynopsisThis book provides a broad survey of past and recent scholarship on mergers and acquisitions. Seminal work on the history, rationales and outcomes of mergers and acquisitions is followed by leading articles on what M&A lawyers do. Major articles by prominent authorities in the field explore how deals are done, defended and terminated. The collection concludes with several eminent selections on private equity deals and international issues. Table of ContentsContents: Volume I: Acknowledgements Introduction Steven M. Davidoff and Claire A. Hill PART I BACKGROUND: HISTORY, RATIONALES AND OUTCOMES 1. Henry G. Manne (1965), ‘Mergers and the Market for Corporate Control’ 2. Michael Jensen (1989), ‘Eclipse of the Public Corporation’ 3. Bernard S. Black (1989), ‘Bidder Overpayment in Takeovers’ 4. Robert F. Bruner (2004), ‘Does M&A Pay?’ 5. Ulrike Malmendier and Geoffrey Tate (2008), ‘Who Makes Acquisitions? CEO Overconfidence and the Market’s Reaction’ PART II WHAT M&A LAWYERS DO 6. Ronald J. Gilson (1984), ‘Value Creation by Business Lawyers: Legal Skills and Asset Pricing’ 7. Claire A. Hill (2001), ‘Why Contracts are Written in “Legalese”’ 8. John C. Coates IV (2001), ‘Explaining Variations in Takeover Defenses: Blame the Lawyers’ 9. Claire A. Hill (2009), ‘Bargaining in the Shadow of the Lawsuit: A Social Norms Theory of Incomplete Contracts’ PART III HOW DEALS ARE DONE: BOARD FIDUCIARY DUTIES 10. William T. Allen, Jack B. Jacobs and Leo E. Strine, Jr. (2002), ‘The Great Takeover Debate: A Meditation on Bridging the Conceptual Divide’ 11. Stephen M. Bainbridge (2006), ‘Unocal at 20: Director Primacy in Corporate Takeovers’ 12. Matthew D. Cain and Steven M. Davidoff (2011), ‘Form over Substance? The Value of Corporate Process and Management Buy-Outs’ PART IV HOW DEALS ARE DONE: PROCESS 13. Lawrence A. Hamermesh (2002), ‘A Kinder, Gentler Critique of Van Gorkom and its Less Celebrated Legacies’ 14. Audra L. Boone and J. Harold Mulherin (2007), ‘How Are Firms Sold?’ 15. Lawrence A. Hamermesh and Michael L. Wachter (2009), ‘Rationalizing Appraisal Standards in Compulsory Buyouts’ PART V DEFENDING THE CORPORATE BASTION: PROTECTIVE DEVICES GENERALLY 16. Martin Lipton and Paul K. Rowe (2002), ‘Pills, Polls, and Professors: A Reply to Professor Gilson’ 17. Lucian Arye Bebchuk, John C. Coates IV and Guhan Subramanian (2002), ‘The Powerful Antitakeover Force of Staggered Boards: Theory, Evidence, and Policy’ 18. Brett H. McDonnell (2005), ‘Shareholder Bylaws, Shareholder Nominations, and Poison Pills’ Volume II: Acknowledgements An introduction by the editors to both volumes appears in Volume I PART I RESPONDING TO A HOSTILE APPROACH 1. Guhan Subramanian (2003), ‘Bargaining in the Shadow of Takeover Defenses’ 2. Marcel Kahan and Edward B. Rock (2002), ‘How I Learned to Stop Worrying and Love the Pill: Adaptive Responses to Takeover Law’ 3. Bernard Black and Reinier Kraakman (2002), ‘Delaware’s Takeover Law: The Uncertain Search for Hidden Value’ PART II PROTECTING THE DEAL 4. John C. Coates IV and Guhan Subramanian (2000), ‘A Buy-Side Model of M&A Lockups: Theory and Evidence’ 5. Brian J.M. Quinn (2007), ‘Bulletproof: Mandatory Rules for Deal Protection’ 6. Guhan Subramanian (2008), ‘Go-Shops vs. No-Shops in Private Equity Deals: Evidence and Implications’ PART III TERMINATING THE DEAL 7. Afra Afsharipour (2010), ‘Transforming the Allocation of Deal Risk Through Reverse Termination Fees’ 8. Ronald J. Gilson and Alan Schwartz (2005), ‘Understanding MACS: Moral Hazard in Acquisitions’ PART IV PRIVATE EQUITY 9. William W. Bratton (2008), ‘Private Equity’s Three Lessons for Agency Theory’ 10. Brian Cheffins and John Armour (2008), ‘The Eclipse of Private Equity’ 11. Steven M. Davidoff (2009), ‘The Failure of Private Equity’ PART V INTERNATIONAL ISSUES 12. John Armour and David A. Skeel, Jr. (2007), ‘Who Writes the Rules for Hostile Takeovers, and Why? – The Peculiar Divergence of U.S. and U.K. Takeover Regulation’ 13. Guido Ferrarini and Geoffrey P. Miller (2009), ‘A Simple Theory of Takeover Regulation in the United States and Europe’ 14. Christian Kirchner and Richard W. Painter (2002), ‘Takeover Defenses Under Delaware Law, the Proposed Thirteenth EU Directive and the New German Takeover Law: Comparison and Recommendations for Reform’ 15. Paul L. Davies, Edmund-Philipp Schuster and Emilie Van de Walle de Ghelcke (2010), ‘The Takeover Directive as a Protectionist Tool?’

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Book SynopsisGlobal in scope and written by leading scholars in the field, the Research Handbook on Mergers and Acquisitions is a modern-day survey providing cutting edge analysis of the state of M&A using history, theory, and empirical work, and also providing a theoretical framework for future research and development in the field.Its chapters explore the history of mergers and acquisitions, considering the theory behind the structure of modern transaction documentation. The authors also address other key M&A issues, such as takeover defenses; judges and practitioners' perspectives on litigation; the appraisal remedy and other aspects of Federal and state law, as well as M&A considerations in the structure of start-ups. The book's coverage is novel as well as broad, broaching comparative issues and shareholder activism in addition to more traditional areas.This Research Handbook will be an invaluable resource for scholars, practitioners, judges and legislatorsTrade Review'In this book, a group of eminent scholars bring takeovers back to the forefront of corporate governance debate. The book examines M&A from a range of perspectives -- historical, economic, legal, transactional and comparative. It pays particular attention to how legal doctrine affects M&A deals in the real world, and assesses the impact of contemporary developments, such as the rise of shareholder activism. Highly recommended for all those interested in corporate governance generally, and M&A in particular.' --Jennifer Hill, The University of Sydney, AustraliaTable of ContentsContents: PART I History and Overview 1. Mergers and Acquisitions: A Cyclical and Legal Phenomenon Claire A. Hill, Brian J.M. Quinn and Steven Davidoff Solomon 2. M&A Contracts: Purposes, Types, Regulation and Patterns of Practice John C. Coates 3. The Market for Corporate Control: Survey of the Empirical Evidence, Estimation Issues, and Potential Areas for Future Research Darius Palia PART II Foundational Principles 4. The Modern Business Judgement Rule D. Gordon Smith 5. Equivalence: Form and Substance in Business Acquisitions Charles K. Whitehead PART III Transaction Structuring 6. A Founders’ Guide to Unicorn Creation: How Liquidation Preferences in M&A Transactions Affect Start-up Valuation Robert P. Bartlett 7. Addressing Informational Challenges with Earnouts in Mergers and Acquisitions Albert H. Choi PART IV Takeover and Deal Defenses 8. Takeover Defenses: The Lay of the Land and Disputed Sign Posts Jordan M. Barry 9. Staggered Boards: Practice, Theory, and Evidence Simone M. Sepe 10. Deal Protection Devices: The Negotiation, Protection, and Enforcement of M&A Transactions Megan Wischmeier Shaner PART V Standards of Review 11. The Role of Judicial Opinions in Shaping M&A Practice Lawrence A. Hamermesh and Jacob J. Fedechko 12. The Reconfiguring of Revlon Lyman Johnson 13. Freezeouts: Doctrine and Perspectives Fernán Restrepo and Guhan Subramanian PART VI Litigation 14. Settlements and Fees in Merger Litigation Sean J. Griffith 15. Lead Plaintiffs and Lead Counsel in Deal Litigation David H. Webber PART VII Statutory Issues 16. The Deterrence Value of Stockholder Appraisal Charles R. Korsmo and Minor Myers 17. Tender Offers and Disclosure: The History and Future of the Williams Act Christina M. Sautter PART VIII Shareholder Activism 18. Activist Stockholders, Corporate Governance Challenges, and Delaware Law Donald F. Parsons, Jr. and Jason S. Tyler 19. Short and Long Term Investors (and Other Stakeholders Too): Must (and Do) Their Interests Conflict? Claire A. Hill and Brett H. McDonnell PART VIII Comparative Perspectives 20. Canadian M & A: A Comparative Perspective Christopher C. Nicholls 21. Legal Transplants in the Law of the Deal: M&A Agreements in India Afra Afsharipour Index

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Book SynopsisThe downturn in the oil commodity price starting in 2014 had a chilling effect on oil and gas M&A. However, recent price stabilisation has improved the outlook for M&A activity, making a second edition of this book most timely. A feature of the M&A industry has always been its variety of participants, ranging from integrated energy conglomerates to entrepreneurial frontier explorers. New entrants include state-owned oil companies, financial investors, diversifying service contractors and oil traders. With the growth of specialist stock markets, junior and independent oil companies are better able to raise acquisition finance than ever before, and companies specialising in end-of-life reservoirs are filling the spaces left as oil majors go in search of new opportunities. Transaction types are also diverse and are completed using a variety of different deal structures. As well as providing chapters on each type of acquisition method, this book also includes an analysis of the underlying structuring decisions. In addition, this practical guide covers a number of ancillary areas, including valuations, financing, tax and accounting. Decommissioning liability is also considered in an M&A context. A number of new chapters are also featured, covering topics such as competition law, environmental law and dealing with material adverse changes. This comprehensive new edition will prove an essential resource to anyone involved in the upstream industry M&A process including lawyers, bankers, financiers, business executives, accountants and tax advisers.Table of ContentsIntroduction 5 Paul Bannister Mark W Llamas GMP FirstEnergy Valuation 11 Christopher R K Moore Moyes & Co, Inc Structuring the transaction 31 Jubilee Easo Eversheds Sutherland Joanna Kay Orrick, Herrington & Sutcliffe (UK) LLP Private equity investment in the oil and gas industry 45 Maarten Overmars Simon Tysoe David Ziyambi Latham & Watkins Share purchase agreements 61 Alexander Reid HFW Asset sale and purchase agreements 79 John C LaMaster Akin Gump Strauss Hauer & Feld LLP Public takeovers 109 Mary Bartle David Lewis Clifford Chance LLP Financing oil and gas M&A transactions 127 Robert Aulsebrook Akin Gump Strauss Hauer & Feld LLP Anti-corruption initiatives in upstream oil and gas 147 Tamer A Soliman Mayer Brown Disputes in oil and gas M&A transactions 169 Mark Beeley Orrick, Herrington & Sutcliffe (UK) LLP Financial and tax due diligence 179 Chris Searle BDO LLP Due diligence and warranties 191 Marc Hammerson Caroline-Lucy Moran Akin Gump Strauss Hauer & Feld LLP Dealing with material adverse changes in upstream acquisitions and divestitures 215 John C LaMaster Akin Gump Strauss Hauer & Feld LLP Environmental considerations in oil and gas M&A 227 Julie Vaughan Herbert Smith Freehills Decommissioning in an M&A context 243 Paula Kidd Norman Wisely CMS Cameron McKenna Nabarro Olswang LLP Competition law issues in oil and gas M&A 259 Paul Culliford Andrew Hockley Bryan Cave Leighton Paisner LLP About the authors 279 Index 285

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Book SynopsisThis book demystifies the dynamics of cross-border mergers and acquisitions; from the preliminary agreements and due diligence, to valuation, structuring, financing, and the eventual closing of the deal. It examines merger incentives and efficiencies, in theory and in empirical findings. The author adeptly identifies the impediments facing cross-border mergers and acquisitions and focuses on pre-merger control laws and regulations, particularly those of the US, EU, and Middle East. Consideration is also given to merger deregulation and other key reforming proposals. The book will be a useful resource for students and scholars with an interest in mergers and acquisitions, antitrust laws, and corporate history. Legal Professionals and those in related fields will gain a practical understanding of how to tailor their deals to overcome the unique impediments associated with cross-border transactions. Policy makers will also find the information and assessment criteria developed in the book to be a useful tool for evaluating and designing policy.Table of ContentsContents: Introduction 1. Demystification of Mergers And Historical Overview 2. Merger Incentives, Efficiencies, And Impediments 3. Proposals For Reform Conclusion and Recommendations Bibliography Index

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Book SynopsisOver the past 30 years, merger control has become well-established around the world with broad consensus around its ambit and objectives. That consensus has fractured in recent years. Enforcement today is at a critical juncture, facing an array of challenges and calls for reform unprecedented in their scope and intensity.Authored by leading legal practitioners, economists, enforcers and jurists, this timely Research Handbook on Global Merger Control discusses various critiques that have been made and considers an array of jurisdictional, procedural, substantive and other issues that are generating intense debate across the antitrust community. These include the scope and objectives of merger control, whether merger control can be reconciled with industrial policy, whether the consumer welfare standard is an appropriate tool for substantive assessment, whether merger control should be used to meet broader policy objectives, and whether existing rules and presumptions are appropriate for the digital age.This Research Handbook will be of great value to anyone interested in global merger control, digital markets, industrial policy and the role of public interest considerations. It provides an excellent tool for academics and practitioners looking to gain a rounded view of current issues in global merger control and an understanding of how enforcement is likely to evolve.Table of ContentsContents: Foreword xii Preface xv Research Handbook on Global Merger Control: Introduction and synopsis 1 Ioannis Kokkoris and Nicholas Levy PART I INSIGHTS ON SELECT TOPICS 1 The proliferation of global merger control 11 Mark Leddy, Kenneth Reinker and Lars-Peter Rudolf 2 Why agencies diverge in their reviews of global deals 49 Frederic Depoortere, Andrew Foster, Barry Hawk and Ken Schwartz 3 Market definition in merger control revisited 87 Jorge Padilla, Joe Perkins and Salvatore Piccolo 4 Mergers with homogeneous products: A primer 108 Hans Zenger and Pierre Régibeau 5 The past, present and future of the SIEC standard in EU merger review 128 Sven B. Völcker 6 How to address under-enforcement in digital markets? 147 Robert Ryan, James Rutt and Mike Walker 7 Is the approach to “failing” and “flailing” firms in merger control fit for purpose? 163 Nicole Kar and Josh Buckland 8 Efficiencies in horizontal mergers: the white whale of EU merger control? 190 Bojana Ignjatovic and Joan de Solà-Morales 9 The jurisdictional reach of EC merger control: Striking the right balance 216 Nicholas Levy, Andris Rimsa and Bianca Buzatu 10 The importance of judicial review for the future of EU merger control 241 Bo Vesterdorf, Kyriakos Fountoukakos, Kristien Geeurickx and Camille Puech-Baron 11 The politics of merger control in the European Union 267 Jonathan Faull 12 Industrial policy and EU merger control – finding the right tools 273 Philip Lowe, Alec Burnside, and Adam Kidane 13 EU merger control and national security assessment: A moving target 328 Ioannis Kokkoris 14 Can EU merger control resist the turn towards protectionism? 352 Anu Bradford 15 Mergers, antitrust and the China card 367 Eleanor M. Fox 16 Greening merger control? The role of environmental considerations in merger analysis 383 Suzanne Kingston PART II JURISDICTION-SPECIFIC INSIGHTS 17 Mergers Down Under 403 Deborah Healey and Rhonda L. Smith 18 Global mergers and international remedies 427 Alexandre Cordeiro Macedo 19 China’s merger control 437 Cunzhen Huang and Yiming Sun 20 Merger control in France 462 Étienne Chantrel 21 In review: Merger control in India 486 Nisha Kaur Uberoi 22 Merger control in Japan: Select jurisdictional, procedural and substantive developments 515 Kozo Kawai and Madoka Shimada 23 Merger control in Russia: Review and perspectives 537 Andrey Tsyganov, Lesya Davydova and Anastasia Dokukina 24 Jurisdictional and policy issues in South Africa, including a focus on digital markets 563 Tembinkosi Bonakele 25 UK merger control: Select jurisdictional, procedural and substantive issues 594 Colin Raftery, Elie Yoo and Andrew Hilland 26 US merger control 617 D. Bruce Hoffman and Gabriel J. Lazarus Index

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Book SynopsisEverything you need to know about growing and selling a business: the opportunities, the pitfalls, advice to avoid, advice to seek, how to succeed and break free from today's struggles, who to trust and how to achieve your dreams. Chris Averill, successful entrepreneur, has been through it all and knows the inside tricks. In this time of crisis, his blueprint is the one all budding entrepreneurs need to read.; Over 50 practical tips from Chris and other successful business owners on how to get your business ready for sale, who to sell to and how to make the most money from the sale.; "I commend this volume to anyone embarking on a startup, or those who work with entrepreneurs. It is a wart and all, first-person tale of how to grow a company and make a fortune - and what to do afterwards!" - Luke JohnsonTrade Review"Build Sell Retire is inspiring. It offers a refreshingly candid look at starting, running and selling a successful business. Author Chris Averill writes witty and honest anecdotes about how he built his company. He doesn't shy away from sharing what went wrong along the way. Averill includes valuable lessons on how to rebound from setbacks with humour and heart." - Jill Martin Wrenn, Journalist;

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Book SynopsisWhat happens when electric utility monopolies pursue their acquisition interests undisciplined by competition, and insufficiently disciplined by the regulators responsible for replicating competition? Since the mid-1980s, mergers and acquisitions of U.S. electric utilities have halved the number of local, independent utilities. Mostly debt-financed, these transactions have converted retiree-suitable investments into subsidiaries of geographically scattered conglomerates. Written by one of the U.S.'s leading regulatory thinkers--a litigating attorney, regulatory advisor, expert witness and law professor--this book combines legal, accounting, economic and financial analysis with insights from the dynamic field of behavioral economics. With a clear assessment of the 30-year march of U.S. electricity mergers, the author describes the economic losses that result when merger promoters and their transactions face neither the discipline of competition nor the rigors of regulation. This work is essential reading for regulatory practitioners, consumer advocates and investment advisors--as well as citizens concerned with concentration of economic power. The principles explored are relevant anywhere regulated utility monopolies have the legal right to merge, acquire or be acquired.Trade Review'Scott Hempling's important new book challenges us to think differently about purchases, sales, and mergers of electric utilities. Drawing on his vast understanding of this industry, he argues that utility franchises are public privileges intended to serve consumers but have become commodities batted around by private financial interests. He explains how this has come about, with what effects, and what now needs to be done to fix it. This book is a must-read for all who care-and should care-about the private exploitation of public interests.' --ohn Kwoka, Finnegan Distinguished Professor of Economics, Northeastern University, US'Scott Hempling does what few in the utility regulatory sphere do. He challenges the regulator to deeply and fundamentally evaluate the public policy that underpins their decision making. Here he has chosen one of the most important areas of regulation to issue that challenge-utility mergers. As this carefully researched and meticulously documented analysis is widely read by current and future commissioners it will, no doubt, transform that process for the good of all consumers.' --Jon Wellinghoff, CEO of GridPolicy, Inc. and former Chairman, Federal Energy Regulatory Commission, USTable of ContentsContents: Part I The transactions: Sales of public franchises for private gain, undisciplined by competition, producing a concentrated, complicated industry no one intended 1. Diverse strategies, common purpose: selling public franchises for private gain 2. Missing from utility merger markets: competitive discipline 3. The structural result: concentration and complication no one intended Part II The harms: Economic waste, misallocation of gain, competitive distortion, customer risks and costs 4. Suboptimal couplings cause economic waste 5. Merging parties divert franchise value from the customers who created it 6. Mergers can distort competition: market power, anticompetitive conduct and unearned advantage 7. Hierarchical conflict harms customers Part III Regulatory lapses: Visionlessness, reactivity, deference 8. Regulators' unreadiness: checklists instead of visions 9. Promoters' strategy: frame mergers as simple, positive, inevitable 10. How do regulators respond? By ceding leadership, underestimating negatives and accepting minor positives 11. Explanations: passion gaps and mental shortcuts Part IV Solutions: Regulatory posture, practices and infrastructure 12. Regulatory posture and practice: less instinct, more analysis; less reactivity, more preparation 13. Regulatory infrastructure: strengthen regulatory resources, clarify statutory powers, assess mergers’ effects References Index

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Book Synopsis This is a compelling guide to law firm M&A that will challenge your thinking. Find out what stops integration working by using the insight of a peer group of Managing Partners. Benefit from their hindsight on themes that are recurrent, this is practical and entirely relatable with useful anecdotes and case studies on best practice. Featuring every key aspect of the M&A process from inception to completion, there is advice on everything from strategy, culture, communications, finance, behaviour of partners and staff, client considerations, marketing and IT which will enable you to plan and focus on successful integration. Inspiring for those considering M&A and insightful for day-to-day management of professional services partnerships.

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Book SynopsisAs merger transactions become more complex, so do the remedies involved. This book seeks to identify and examine the most important aspects of merger remedies, which have emerged and evolved in the European Commission's policy and practice over the past 20 years. The in-depth analysis of applicable provisions and guidelines is structured in accordance with a typical 'remedies lifecycle': the negotiation, submission, assessment, adoption, implementation and enforcement of remedies. Furthermore, numerous conditional clearance decisions and judgments as well as studies and legal literature on the subject are described and put into a coherent analytical framework with the aim of providing as much nuance as possible in the evaluation of the Commission's past and present remedies policy and practice. While the Commission indisputably has accomplished numerous successes in its remedies enforcement over the years, it has also encountered some significant obstacles and shortcomings along the way. To this effect, the final chapter in the book critically assesses whether the current framework, which has remained unchanged since 2008, continues to provide an adequate regulatory response to today's remedies issues and challenges. Where adjustments and improvements are deemed desirable or necessary, possible measures are considered.Trade ReviewThere is so much to recommend about this book. It is an incisive and comprehensive work which is reflective enough for academics but written in a way which proves useful to practitioners - an admirable combination and accomplishment. -- Dr Vincent J G Power * European Competition Law Review *Table of Contents1. The Commission's Remedies Policy 2. Negotiating, Submitting, Assessing and Adopting Remedies 3. Essential Features of Divestiture Remedies 4. Implementing and Enforcing Remedies 5. Building on Successes and Learning from Mistakes

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