European Court Confirms Commission’s Highest Fine to Date for Gun-Jumping

Claud Mccoid

On September 22, 2021, the European General Court issued its judgment upholding the determination by the European Fee (Commission) to wonderful Altice for gun-jumping in the acquisition of Portugal Telecom (PT) in 2015. The Normal Court docket did grant Altice a limited 5% reduction of component of the €124.5 million fantastic imposed….
By: Skadden, Arps, Slate, Meagher & Flom LLP

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Ginnie Mae Announces Ending of New LIBOR-Indexed Multiclass Securities

Ginnie Mae not long ago issued MPM 21-01 which informs participants in the Multiclass Securities Software that, efficient with January 2022 transactions, Ginnie Mae will no longer permit the issuance of new Multiclass Securities that bear curiosity at a rate established by reference to LIBOR……By: Weiner Brodsky Kider Computer system