í´ì¸ M&Aì ë²ì ìì - Sullivan & Cromwell

More documents

Recommendations

Info

Material Adverse Effect 거래의 종결은 여러 가지 조건의 만족을 전제로 하는데, 특히 대상회사의 전체적인 재정 상태, 사업 또는 영업 성과에 중대하고 불리하거나 그러할 것으로 합리적으로 예상이 되 는 영향이 없을 것을 전제로 함 MAE의 정의는 일반적으로 아래와 같은 사정 변경 사유에 의한 영향을 포함하지 않으나, 이러한 예외는 대상회사가 받는 영향이 다른 유사한 회사가 받는 영향에 비해 현저한 불 균형을 이루지 않을 것을 전제로 함: ‒ 경제, 사업, 규제, 정치 또는 시장 환경의 전반적인 변화, 혹은 국내/글로벌 금융시장/자본시장의 전반적인 변화 ‒ 대상회사의 사업과 연관된 산업에 영향을 주는 전반적인 변화 ‒ 법률의 변경 ‒ GAAP의 변경 ‒ 인수 계약에 따라 이행해야 하는 거래 행위, 작위 혹은 부작위의 발표/공시 ‒ 미국이 관련된 전쟁 또는 기타 무력 시위의 발발 54
Material Adverse Effect continued Consummation of transaction is conditioned, among other things, on absence of an effect that is or would reasonably be expected to be material and adverse to the financial condition, business or results of operations of Target taken as a whole. MAE definition typically excludes effects arising from, among other things, changes of the kind described below; provided that such changes do not have a materially disproportionate effect on Target relative to other comparable companies: ‒ changes in general economic, business, regulatory, political or market conditions or in national or global financial or capital markets ‒ changes in general affecting any of the industries in which Target operates ‒ changes in law ‒ changes in GAAP ‒ announcement of transaction or any action or omission required to be taken under acquisition agreement ‒ commencement of war or other armed hostilities involving the U.S. 55
Page 1 and 2:
September 26, 2012 | Seoul 해외 M
Page 3 and 4: Traditional Role of IP in M&A
Page 5 and 6: Why does IP matter? continued Monet
Page 7 and 8: Primary IP Objectives in M&A contin
Page 9 and 10: Selected IP Risks in M&A continued
Page 11 and 12: IP Allocation in a Spin-Out continu
Page 13 and 14: Spin-Outs ‒ Key IP Questions cont
Page 15 and 16: Emerging Role of IP in M&A 지적
Page 17 and 18: What to expect
Page 19 and 20: Patent Market - Trends 특허권
Page 21 and 22: Case Study: Skype 2003: Niklas Zenn
Page 23 and 24: Case Study: Microsoft/Novell Attach
Page 25 and 26: Biography of Nader A. Mousavi R eco
Page 27 and 28: Biography of Nader A. Mousavi conti
Page 29 and 30: Thank You
Page 31 and 32: Acquiring a U.S. Public Company: Wh
Page 33 and 34: Fundamental Deal Structuring Decisi
Page 35 and 36: ―One Step‖ Transaction Structur
Page 37 and 38: ―Two Step‖ Transaction Structur
Page 39 and 40: Deal Consideration: Stock versus Ca
Page 41 and 42: The Role of Stockholder Rights Plan
Page 43 and 44: Unsolicited Deal Schematic continue
Page 45 and 46: Target Options Regarding the Sale P
Page 47 and 48: When Must Negotiations be Disclosed
Page 49 and 50: ―Public Company‖ Due Diligence
Page 51 and 52: ―Public Company‖ Due Diligence
Page 53: Key Terms of Negotiated Deal contin
Page 57 and 58: Document Creation continued From be
Page 59 and 60: Transaction Litigation: Significant
Page 61 and 62: Transaction Litigation: Focal Point
Page 63 and 64: Transaction Litigation: Acquirer‘
Page 65 and 66: Implications for Acquirer During Ea
Page 67 and 68: Importance of PR and Governmental R
Page 69 and 70: Certain U.S. Legal Regimes Implicat
Page 71 and 72: Summary: Key Elements of Acquiring
Page 73 and 74: Appendix B: Illustrative Timeline:
Page 75 and 76: Illustrative Timeline: Cash Tender
Page 77 and 78: Fiduciary Duties of Directors in a
Page 79 and 80: Appendix D: Speakers Profile Franci
Page 81 and 82: Biography of Francis J. Aquila cont
Page 83 and 84: Biography of Michael G. DeSombre co
Page 85 and 86: Biography of Michael G. DeSombre co
Page 87 and 88: September 26, 2012 | Seoul 해외 M
Page 89 and 90: 해외 M&A 단계별 조세상 고
Page 91 and 92: 1. 해외 M&A 단계별 조세상
Page 93 and 94: 1. 해외 M&A 단계별 조세상
Page 95 and 96: 2. 해외 M&A와 조세전략 수
Page 105 and 106:
2. 해외 M&A와 조세전략 수
Page 107 and 108:
2. 해외 M&A와 조세전략 수
Page 109 and 110:
Partner Profile 김 규 동 회계
Page 111 and 112:
Page 113 and 114:
1. 해외 M&A의 일반적인 절
Page 115 and 116:
1. 인수 검토 및 예비 분석
Page 117 and 118:
3. 본 계약 체결과 Closing 효
Page 119 and 120:
투자의사결정 관련 내부
Page 121 and 122:
기업결합 신고의무 우리나
Page 123 and 124:
해외직접투자 신고 (신규
Page 125 and 126:
신고시기와 필요서류 해외
Page 127 and 128:
신고 처리 및 후속 조치 신
Page 129 and 130:
4. 계약 조항 중 주의할 부
Page 131 and 132:
분쟁해결 조항 국제 중재
Page 133 and 134:
진술과 보장 조항 영미법
Page 135 and 136:
PMI 준비시 고려할 사항 장
Page 137 and 138:
Partner Profile 김경연 변호사
Page 139 and 140:
Page 141 and 142:
Investing in France: Selected Legal
Page 143 and 144:
South Korean Investments in France
Page 145 and 146:
1. Providing Equity Without Taking
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
2. Acquiring Control
Page 157 and 158:
2.1 Regulated Business Sectors A.
Page 159 and 160:
2.1 Regulated Business Sectors cont
Page 161 and 162:
2.2 Merger Regulation (i) 프랑스
Page 163 and 164:
2.3 Labor Law Issues 프랑스 기
Page 165 and 166:
2.3 Labor Law Issues continued IRPs
Page 167 and 168:
2.4 Public Companies a) Access to I
Page 169 and 170:
2.4 Public Companies a) Access to i
Page 171 and 172:
2.4 Public Companies b) Disclosure
Page 173 and 174:
2.4 Public Companies c) Mandatory T
Page 175 and 176:
2.4 Public Companies continued d) K
Page 177 and 178:
2.4 Public Companies d) Key Rules o
Page 179 and 180:
Appendix A - S&C Paris Office CHAMB
Page 181 and 182:
Appendix B ‒ Biography of Dominiq
Page 183 and 184:
Investing in Germany: Recent Trends
Page 185 and 186:
Amount of Transactions Transaction
Page 187 and 188:
Recent Market and Legal Trends - Ge
Page 189 and 190:
Page 191 and 192:
Recent Market and Legal Trends - In
Page 193 and 194:
Page 195 and 196:
2.1Private M&A
Page 197 and 198:
Selected Topics - Selected Topics i
Page 199 and 200:
Selected Topics - Selected Topics i
Page 201 and 202:
Page 203 and 204:
Selected Topics - Stake Building fo
Page 205 and 206:
Selected Topics - Prior Stake Build
Page 207 and 208:
Selected Topics - Stake Building Sh
Page 209 and 210:
Selected Topics - Specific Features
Page 211 and 212:
Page 213 and 214:
Page 215 and 216:
Selected Topics - Follow-on integra
Page 217 and 218:
2.3 Joint Aspects
Page 219 and 220:
Joint Aspects - Regulatory Restrict
Page 221 and 222:
Joint Aspects - Regulatory Restrict
Page 223 and 224:
Joint Aspects - Corporate Restricti
Page 225 and 226:
Joint Aspects - Labour Law/Due Dili
Page 227 and 228:
Joint Aspects - Antitrust - Practic
Page 229 and 230:
Outlook (1/2) Macroeconomic Situati
Page 231 and 232:
Appendices Appendix A - S&C Frankfu
Page 233 and 234:
Appendix B - Biography of Carsten B
Page 235 and 236:
Appendix B - Biography of Carsten B
show all

í´ì¸ M&Aì ë²ì  ìì  - Sullivan & Cromwell

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?

í´ì¸ M&Aì ë²ì ìì - Sullivan & Cromwell