Archive for July, 2016

Appleby Reports Offshore M and A Activity for Q2 2012

The offshore M&A market increased in value at twice the worldwide average last quarter, compared to the previous quarter, according to a report released today by Appleby, the world’s largest provider of offshore legal, fiduciary and administration services. The latest edition of Offshore-i, the firm’s quarterly report which provides data and insight on merger and acquisition activity in major offshore...

31 Jul 4:16 PM 0 Read More...

Agricultural Bank of China Selects ACI Worldwide for U.S. Launch

ACI Worldwide (NASDAQ: ACIW), a leading international provider of payments systems, shared details today of an agreement first reached earlier this year, with the Agricultural Bank of China (ABC), the third largest bank by total assets in the People’s Republic of China, to implement ACI Money Transfer System™ and ACI Proactive Risk Manager™ as its wholesale payment processing and anti-money launderi...

31 Jul 4:13 PM 0 Read More...

Securities Class Action Filings Are Down in the First Half of 2012

Federal securities class action activity decreased in the first six months of 2012 compared with 2011, according to Securities Class Action Filings—2012 Mid-Year Assessment, a semi-annual report prepared by the Stanford Law School Securities Class Action Clearinghouse in cooperation with Cornerstone Research. There were 88 filings in the first six months of 2012, down 6 percent from both the first hal...

30 Jul 2:58 PM 0 Read More...

Itaú Unibanco Extends US$5.8 Billion Tender Offer to Redecard

Skadden is representing the Brazilian unit of Goldman, Sachs & Co. as financial advisor to Brazil’s Itaú Unibanco Holding S.A. in its US$5.8 billion tender offer for all of the common shares of Redecard S.A. that it does not already hold.Skadden attorneys on this matter include Paul Schnell, Partner, Mergers and Acquisitions, New YorkJeremy London, Partner, Mergers and Acquisitions, Washington, D.C. ...

30 Jul 9:13 AM 0 Read More...

Mexico strengthens anti corruption regulatory framework

 The Federal Procurement Anti-Corruption Law (Ley Federal Anticorrupción en Contrataciones Públicas, or ACPL), has been passed by Mexico’s Congress.    This follows an ongoing call for Mexico’s legal system to clamp down on both domestic and foreign corruption, and the revelation by a Mexican Federation of Industrial Chambers of Commerce study, that seven to nine percent ...

27 Jul 9:29 AM 0 Read More...