Luxembourg Companies To Hold Virtual Meetings Until 30 June 2021

A new law was approved by the Luxembourg parliament on 25 November 2020 (the Law)1, which aims to maintain flexible governance measures.

Among other measures it extends those of the law of 23 September 20202 concerning the holding of remote meetings in companies and other legal entities (the September Law), until 30 June 20213.

It also extends until 30 June 2021 the suspension of the obligation to make an admission of cessation of payments (amendment […]

By | Apr 19, 2021 ||

Corporate Governance In Turkey 2020

The Turkish Commercial Code (TCC) dated 13 January 2011 (Law No. 6102) entered into force on 1 July 2012. The TCC has important objectives such as ensuring transparency, adopting corporate governance standards and introducing internationally accepted auditing and reporting standards.

In addition to the above, the laws, communiqués and principles governing corporate rules and practice are as follows:

Law No. 6335, amending the TCC;
the Capital Markets Law (CML) dated 6 December 2012 (Law No. 6362), which […]

By | Apr 17, 2021 ||

Mergers & Acquisitions In A Downturn: Lessons From The Last Financial Crisis

In the Great Recession that started in 2007, the near collapse of the banking sector led to severe contractions in economic output across the global economy. Share prices collapsed in Europe and other regions, as did the volume of M&A activity.

However, something interesting happened to those companies that acquired targets in the downturn – they delivered positive returns to their shareholders.

In this article, we explore the reasons why, and ask what lessons learned buyers […]

By | Apr 15, 2021 ||