Protiviti’s Post

Contributor Announcement! We are pleased to announce that in 2024, DL Attorneys at Law will be among the contributors to the Turkish Law Blog in Commercial & Corporate, Data Protection & Privacy, Mergers & Acquisitions and ESG, Sustainability & Impact Investing. 🔎 Visit DL Attorneys at Law's profile: https://lnkd.in/djhPmQPW #TurkishLawBlog I #commercial I #corporate I #dataprotection I #privacy I #mergersandacquisitions I #ESG I #sustainability I #impactinvesting

Global financial services firms face numerous complex, interconnected and novel risks in what remains an uncertain world. Legal leaders are uniquely positioned to assist stakeholders in navigating challenges and seizing opportunities. In our new report "Accelerate GC", we share insights from CEOs and GCs on how to reimagine the legal function as a catalyst for strategic and sustainable growth. Our report explores the challenges and opportunities for legal leaders when aligning their functions with a view to further leveraging talent together with technological solutions so as to overcome barriers to change. Our report and much more is available here: https://lnkd.in/gJ726cH3 #finanicalservices #businessmodelreinvention #PwCLegal #pwcproud

As we navigate the complex world of corporate governance, the importance of crafting a balanced Memorandum of Incorporation (MOI) cannot be overstated, especially regarding shareholder meetings, voting and proxies. Have a look at our latest article published on GoLegal for more insights into specific provisions within an MOI which relate to shareholder meetings 👇 https://lnkd.in/eS4q6Qs8 #CorporateGovernance #MOI #ShareholderEngagement #LegalCompliance #StrategicAlignment #BusinessLeadership #ContractNinja 🌐✨

Protiviti’s Chad Volkert explains how having an innovation mindset—even embracing incremental change—can be transformative and lead to sustained strategic growth. Learn more about unlocking legal innovation: ow.ly/wFEQ50SEtv8 #Protiviti #BizTechOutlook #LegalConsulting

What are the key areas covered in due diligence? Due Diligence typically covers various aspects, including: Legal, Financial, Operational and Regulatory Who conducts due diligence? Due Diligence is usually conducted by internal teams, external advisors, or specialized firms with expertise in legal, financial, and operational matters. When is due diligence conducted? Due Diligence is typically performed before finalizing a transaction or investment decision. What are the outcomes of due diligence? The outcomes of Due Diligence include: ->Identification of risks, opportunities, and key drivers impacting the company's value and performance. #duediligence #insight

Scott Jablonski shares that "If attorneys can’t easily adopt workflows using the technology, the technology doesn't survive." But is change management really essential to adoption? Watch Scott's video to find out! Learn more about change management: https://lnkd.in/dD_36FHs #iManage #ChangeManagement #UserAdoption #LawFirm #Lawyers

A #sister #company, also known as a #sister #corporation, is a company that is related to another company through shared ownership, either directly or indirectly. Both companies are usually under the control of the same parent company or individual, but they operate as separate entities. Sister companies may share resources, such as technology, products, or employees, but they maintain #separate #accounting #and #legal #structures. This type of corporate structure is common in various industries and can offer benefits such as risk mitigation, diversification, and cost savings.

I've written before how significant change-in-control & anti-assignment provisions can be, and how entering one is often a #ContractTrap in and of itself. Particularly if you're a startup that may want to get acquired one day. Once you and your counterparty have agreed that some type of change-in-control restriction makes sense, make sure you think through what consent rights you need or what restrictions you're OK with. Because they can be very different from each other. And they can their own traps / hidden "outs". Here are some common types: 1 / Standard anti-assignment language. This prevents the party from assigning the contract to another. If you're hoping to get acquired one day, this can be limiting - but not fatal - because it could require consent for an asset sale, potentially for mergers, but not a stock sale. 2 / Anti-assignment language including assignments "by operation of law". This more clearly covers mergers where the contracting party is not the surviving entity, but still generally would not apply to a stock sale. 3 / Standard change in control language. This would apply to a stock sale of the contracting entity. But depending on how it's worded, would not apply to the contracting entity's parent being sold (along with the contracting entity). 4 / Change in control language covering every entity in the ownership chain. This type of provisions requires consent not only if the contracting entity undergoes a change in control, but also if its parent, grandparent, etc. entity undergoes a change in control (which can include certain changes to the Board of the ultimate parent) The provisions in 1-3 are all fairly common. I've only seen the 4th type a few times in my career. The key takeaway is that, regardless of the side of the deal you're on, you need to think through the impacts and outs under the specific language to determine what makes sense! #contracts #inhousecounsel #law

How can integrating corporate responsibility elevate your strategy? Join Inga Pakalniškytė, Managing Partner at EY Law, and Ausra Vankeviciute, CEO of Staticus, for insights on driving sustainable growth. Tune into Žinių radijas for the full discussion: https://go.ey.com/4a6Ps9f #Sustainability #BusinessTransformation #EYLaw #Betterworkingworld