We discuss how the M&A market has changed over the past 30 years and the opportunities and threats ahead. We describe the spreading internationalisation of commercial contracts and the growing involvement of new technologies in transactional practice. We also point to the risks and benefits flowing from these trends.
We draw attention to practical aspects of development procedures accompanying transactions, particularly involving acquisition of real estate, the environmental impact of projects, and the requirements of public procurement law.
Finally, we address the process leading up to closing of transactions. We discuss negotiations and working out the terms of contracts, as well as formalities such as the obligation to obtain regulatory approvals, with particular attention to review by the competition authorities.