On September 29, 2024, Bakelite LLC (Petitioner or Bakelite), domestic producer of granular hexamethylenetetramine (hexamine), filed petitions with the U.S. Department of Commerce (DOC) and the U.S. International Trade Commission (ITC) seeking the imposition of antidumping duties (AD) on imports of hexamine from China, Germany, India, and Saudi Arabia, and countervailing duties (CVD) on imports … Continue Reading
Status: Upcoming/New Filing Acquirer: Paccar Inc. (U.S.); Cummins Inc. (U.S.); Daimler Trucks Group Company (Germany); EVE Energy Co., Ltd. (China) Acquired: New joint venture (U.S.) Value: $2-3 billion Industry Tags: Battery and Electronic Component Manufacturing; Electric Vehicles… Continue Reading
On January 18, 2023, Cleveland-Cliffs Inc. and the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, filed a petition to impose (a) antidumping (AD) duties on imports of Certain Tin Mill Products from Canada, China, Germany, Netherlands, South Korea, Taiwan, Turkey and the United Kingdom; and, (b) countervailing … Continue Reading
Status: Not a Covered Transaction Acquirer: ADVA Optical Networking SE (Germany) Acquired: ADTRAN, Inc. (U.S.) Value: $931 million Industry Tags: Telecommunications; Network and Data Solutions… Continue Reading
On 20 April 2021, the UK’s Competition and Markets Authority (CMA), the German Bundeskartellamt (BKartA) and the Australian Competition and Consumer Commission (ACCC) issued a joint statement¹ and held a joint online event pushing for more rigorous merger control enforcement. Our global competition team in these jurisdictions unpacks the joint statement and provides the following … Continue Reading
International M&A practitioners are used to dealing with CFIUS for any transaction involving assets in the US. The Europeans M&A practitioners are, however, catching up, and many multijurisdictional deals will now face clearance in a number of countries. The latest addition to the list, the UK National Security and Investment Bill, is broad in scope … Continue Reading
The EU’s trade commissioner had urged member states to ramp up screening levels of foreign direct investment (FDI) in order to prevent predatory takeovers of key businesses during the coronavirus pandemic.… Continue Reading
Our Brexit team resides on both sides of the Atlantic and has multifaceted expertise to help you with any aspect of your Brexit planning and preparation. We have sectoral and subject expertise, backed by political and legal understanding and technical ability for in-depth analysis, which together can ensure you are properly informed and prepared for … Continue Reading
Status: Clearance Acquirer: Eugene Technology Co., Ltd. (South Korea) Acquired: ALD and CVD memory product line of Aixtron SE (Germany) Value: US$45-$55 million Industry: Semiconductors… Continue Reading
On September 13, 2017, the European Commission published the draft of the EU regulation establishing a common European framework for the review of incoming foreign direct investment (FDI), akin to the process in the US administered by Committee on Foreign Investment in the US (CFIUS).… Continue Reading
Status Update: Clearance Acquirer: Siemens Industry, Inc. (U.S.); Siemens AG (Germany) Acquired: Mentor Graphics Corporation (U.S.) Value: US$4.5 Billion Industry: Integrated Circuits; Electronic Engineering UPDATE: On March 9, 2017, Mentor Graphics Corporation and Siemens Industry, Inc., “received written notice from the Committee on Foreign Investment in the United States (“CFIUS”) that CFIUS had … Continue Reading
Status: Clearance Acquirer: IDG Capital Partners (China), MLS Co, Ltd. (China) and Yiwu State-Owned Assets Operation Center (China) Acquired: LEDvance, business unit of Osram Licht AG (German) Value: Approx. EUR400 Million (US$442.2 Million) Industry: Semiconductors According to recent news reports, the Committee on Foreign Investment in the United States (CFIUS) has cleared the … Continue Reading
Status: Clearance Acquirer: Midea Group Co., Ltd. (China) Acquired: KUKA AG (Germany) Value: Est. US$1.3 billion Industry: Automation UPDATE: On December 29, 2016, Midea Group received clearance from CFIUS and DDTC for its take-over of KUKA AG. (See KUKA Press Release, US Government Au thorities gront clearances for take-over of KUKA by Midea, Dec. 30, … Continue Reading
On 22 September, the World Trade Organisation (WTO) announced that the EU had failed to eliminate illegal aid to Airbus, handing US rival Boeing one of the biggest triumphs on the global stage in its 12-year battle with Airbus. The WTO stated that the EU and Britain, France, Germany and Spain had failed to comply with earlier rulings against … Continue Reading
Saturday, 16 January 2016, marked Implementation Day of the Joint Comprehensive Plan of Action (JCPOA) between the E3/EU+3 (China, France, Germany, the Russian Federation, UK and US, in conjunction with the High Representative of the European Union for Foreign Affairs and Security Policy) and the Islamic Republic of Iran (Iran). On Implementation Day, the International … Continue Reading
