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UK Government Confirms EEA UCITS Equivalent Under Overseas Funds Regime

JD Supra: Mergers

To address the limitations of the current temporary marketing permission regime (“TMPR”), which permits EEA funds marketed in the UK before Brexit to continue to access the UK market, the UK government introduced the overseas funds regime (“OFR”). By: Cadwalader, Wickersham & Taft LLP

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HSR and Potential Government Shutdown

JD Supra: Mergers

government’s funding bills are now set to expire on March 1 or March 8, 2024. It is therefore possible once again that there will soon be a government shutdown, with important consequences for the Hart-Scott-Rodino (HSR) filing process and the running of the HSR waiting period. By: Kramer Levin Naftalis & Frankel LLP

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Databricks acquires AI-centric data governance platform Okera

TechCrunch: M&A

Databricks today announced that it has acquired Okera, a data governance platform with a focus on AI. Investors include Felicis, Bessemer Venture Partners, Cyber Mentor Fund, ClearSky and Emergent Ventures. What they need is a modern, AI-centric governance solution. The two companies did not disclose the purchase price.

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Government Shutdown’s Impact on Antitrust Merger Review

JD Supra: Mergers

With one day for Congress to enact appropriations funding federal government operations, the Federal Trade Commission and Department of Justice, Antitrust Division (the “Agencies”) each issued a contingency plan (the “Plans”) for how a prolonged shutdown would impact their review of Hart-Scott Rodino Act (“HSR”) filings.

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AIFMD II – What EU and non-EU fund managers need to know

JD Supra: Mergers

In order to harmonize the regulatory framework governing the European fund market, the European Commission has revised the existing Alternative Investment Fund Manager Directive – Directive 2011/61/EU (the "AIFMD"), with the introduction of the Alternative Investment Fund Manager Directive II ("AIFMD II").

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Impact of Government Shutdown on US Antitrust Merger Enforcement and CFIUS Reviews

JD Supra: Mergers

The US federal government is at risk of a partial shutdown unless Congress can enact appropriations to fund certain federal operations by September 30, 2023. Both the Department of Justice (DOJ) and Federal Trade Commission (FTC) have issued plans for how a shutdown will impact antitrust merger enforcement.

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Occasional Activists: Shaping Corporate Governance in 2024

JD Supra: Mergers

In our previous client alert, The Rise of the “Occasional Activist,” we discussed the increase in shareholder activism through 2022 by “occasional activists” – investors who are not funds dedicated to activist strategies or who do not regularly employ activist tactics, such as institutional investors and individuals, including company insiders.