NAFTA and how free trade negotiations are impacting Canadian M&A activity

By Pierre-François Tétreault (Montreal) on September 13, 2018 Posted in M&A

The President of the United States recently made headlines when he announced that the United States and Mexico had reached a new bilateral trade deal to replace the North American Free Trade Agreement (NAFTA) and that the countries were prepared to move forward without Canada. Although Canada rejoined the NAFTA negotiations thereafter, the US announcement … Continue reading

Liability caps around the world: a global comparison

By Troy Ungerman (Toronto) on May 24, 2018 Posted in M&A

It is common around the world for representations and warranties in private M&A transactions to survive for an agreed upon period of time after closing. During this survival period, the seller is faced with the risk that the purchaser may bring an action against it for breach of a representation or warranty. There are a … Continue reading

Is this the end of European conglomerates?

By Troy Ungerman (Toronto) on March 22, 2018 Posted in M&A

Is this the end of European conglomerates? The end may be in sight for European conglomerates. Activist investor Christer Gardell of Cevian Capital predicts a growing trend of “demergers” in the next five to seven years, due in large part to an increasing number of European conglomerates engaging in in spin-off transactions, or “spin-offs.” Generally, … Continue reading