Recent Trends in Mergers and Acquisitions Webinar
Recent Trends in Mergers and Acquisitions Webinar
On 28th May, 2020 Centre for Criminal Justice Research (CCJR), Saveetha School of Law, organised a Webinar on “Recent Trends in Mergers and Acquisitions”, by Ms. Mary Julie John, Partner, J. Sagar Associates. The speaker started the session by introducing the purpose of Mergers and Acquisitions and the role of statutory bodies like SEBI and CCI in these high valued transactions. She walked the students through the provisions of Companies Act, 2013 regarding the procedure with NCLT, court driven processes, fast track mergers etc. She later shifted focus to types of M&A transactions especially the scenarios of acquisition without change of management, acquisition of listed entities and the role of SEBI in such transactions. Her later session concentrated on M&As between resident and non resident participants and the areas where FDI is permitted and prohibited. The speaker recapitulated the significance of compliance with pricing guidelines and explained the concepts of “Ceiling and Floor” in terms of fair value.
The discussion then moved onto the role of Competition Commission of India (CCI) on M&A transactions that meet or cross the prescribed thresholds. She also explained the need for legal due diligence in such transactions predominantly the representations, warranties and indemnities. She differentiated between Asset Purchase Agreement and Business Transfer Agreement and also discussed the recent trends and impacts in M&As in the wake of COVID19, especially COVID19 related employee claims, litigation and recoveries.
The session was attended by about 100 students and faculties and was widely appreciated by the participants for its rich content and online interactive Q and A session."
