International Mergers, Acquisitions and Alliances
1.- Introduction
a) The market: sectors, actors and interests.
b) Conflicts of interest in M&A transactions.
c) Types of transaction: share deal, asset deal, joint venture
2.- Preliminary stage
a) Preliminary dealings: documentation and legal significance, competitive and non-competitive processes.
b) Due diligence: data room, questionnaire, reliance/non-reliance letter
3.- Transactional process
a) Financial perspective and valuation.
b) Accounting and tax considerations.
c) Investment agreement. Structure and clauses: Representations & Warranties, Indemnities, Conditions, Price Adjustments.
d) Shareholders¿ agreement. Structure and clauses.
e) Corporate aspects of M&A. Decision-making, conflicts and checks-and-balances in modifications of articles of incorporation and bylaws, share issuance, mergers and spin-offs.
4.- Acquisition of assets and joint-ventures
a) Asset deals. Contractual, accounting and tax considerations.
b) Joint ventures. Contractual specialties.