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An example of this is the PSA and Fiat Chrysler merger, as while on the surface it is not tech related per say, the aim of the merger prior to the pandemic was to consolidate research and development costs into automated and electric vehicles.
Furthermore, more M&A’s could mean more involvement of anti trust bodies. It will be interesting to see if they will have a more relaxed view across the board due to the pandemic or take it on a case by case basis. Either way, commercial solicitors should always remember anti trust bodies and the effect they can have on a pending deal, from huge delays to possibly preventing the deal from happening altogether.
Definitely agree! Great example. I do think commercial lawyers will see a rise in work and even a change in the way they may have to do work.
Brexit has caused uncertainty for business and specifically reduced the interest in tech M&A activities in the UK market since 2016. Uncertainty has caused investors, be it foreign and national, to be vary to deploy their money in UK assets. They have been afraid that Brexit could potentially cause delays, obstruction and problems in regards to laws, taxes and procedures.
However, with the UK exiting the European Union on the 31st January and going through the transition period which is set to last until 31 December 2020, businesses and investors are starting to see the light at the end of the tunnel.
A spike in tech M&A is likely to occur as business can utilise the uncertainty of a no deal between the EU and UK in price negotiations and their strategies.
Furthermore, with the withdrawal, the UK will be able to introduce both relaxations and new restrictions faster than the EU which would be desired by many companies and likely increase the demand for the UK market.
Check out the article https://www.pinsentmasons.com/out-law/analysis/brexit-could-lead-to-technology-ma-spike