Orrick Library Seminar - M&A Representations and Warranties Insurance in Mergers and Acquisitions: An Overview

Seminar | June.11.2019 | 9:00am - 10:30am (Tokyo Standard Time)

Orrick Tokyo

日本語:M&A取引における表明保証保険の概要

Orrick's Global Japan Practice is hosting a series of "Orrick Library" seminars to explore legal issues in various fields in Japan as well as the United States, Asia and Europe. The next seminar will be held on Tuesday, June 11 from 9:00 am to 10:30 am.

With a significant emerging trend in the use of M&A representations and warranties insurance in mergers and acquisitions of privately held companies, both strategic acquirers and private equity buyers have gotten increasingly comfortable in using such insurance for their acquisitions, providing meaningful benefits to both the buyer and seller in an acquisition. This seminar, presented by Richard Smith, a leading US M&A expert for over three decades and partner in Orrick’s Silicon Valley Office, will provide an overview of representations and warranties insurance, its benefits, the scope of coverage and exclusions, and other key issues as well the impact of this insurance on deal terms.

The 90-minute seminar will cover the following:

  • What is Representations and Warranties Insurance (RWI)?
  • The Process for Obtaining RWI
  • The Benefits of RWI
  • Typical RWI Policy Terms
  • Typical Exclusions and Limitations
  • Key Issues to be Negotiated Between Buyers and Sellers
  • Influence of RWI on Deal Terms

This seminar will be presented by videoconference. There will be time set aside for questions and answers.

Date: Tuesday, June 11, 9:00 am – 10:30 am (Registration from 8:45 am)
Place: Orrick Tokyo Law Office (Map)
Speakers: Richard Smith, Partner, Silicon Valley Office
Language: English
Fee: No charge
Registration deadline: June 7 (Friday)

* Tokyo Litigation Partners Yoshihiro Takatori (Dai-Ichi Tokyo Bar Association), Shinsuke Yakura (Dai-Ichi Tokyo Bar Association) and Tokyo M&A and Private Equity partner Hiroki Sugita (Dai-Ichi Tokyo Bar Association) will also join and offer additional comments and perspectives in Japanese.

* * Orrick, Herrington & Sutcliffe LLP is an accredited MCLE provider in the States of New York and California.  This continuing legal education course has been approved in accordance with the requirements of the Continuing Legal Education Board for a maximum of 1.5 credit hours, of which 1.5 credit hours can be applied toward the areas of professional practice requirement.

For questions, please contact Aya Mori.


186_740x360

Practice:

  • 并购
  • 资本市场
  • 科技企业业务
  • 日本业务
  • Taipei

Richard Smith 合伙人 并购, 资本市场

旧金山

Richard Vernon Smith 律师是奥睿律师事务所硅谷办事处和旧金山办事处的合伙人,现为全球并购和私募股权业务部成员。Smith律师在国际并购、证券法和公司法方面具有超过33年的经验。

Smith律师曾处理超过400宗并购交易,并为客户就涉及上市公司和私人公司的各类并购交易提供法律服务,包括协议兼并、拍卖出价程序、跨国交易、出售不良资产(包括363条款下的出售交易)、杠杆收购、要约收购、要约互换、私有化、对等合并交易、退市交易、敌意收购、代理权争夺、反收购以及对公司部门和子公司的买卖等。

Smith律师曾代表客户处理涉及美国证监会注册登记、承销及私募股票和债券发行等交易,并协助公司处理有关发行人的股权和债务要约收购、资本调整、重组和供股等事务。他经常代表客户编制和储存定期向美国证监会提交的报告、股东委托书及威廉姆斯法案(Williams Act)报告。另外,他还协助客户处理有关合规事宜,包括在2010年通过的多德-弗兰克法案(Dodd-Frank Act)和在2002年通过的萨班斯法案(Sarbanes-Oxley)的合规事宜、1934年证券交易法案第16条、实时披露规定合规、出售限制性证券和内幕人士出售的证券、有关10b-5规定和FD法规的披露事宜以及纳斯达克和纽约证券交易所的合规和调查等方面的业务。

Smith律师对在特拉华州和加州的企业、合伙公司和有限责任公司的法律均有丰富的经验。他经常就公司治理、股东争取权益行动、合规事务、内部调查、诚信义务、行政人员薪酬、股东提案、赔偿、董事和职员的保险和股东间的协议等事宜为董事会、股东、审计、薪酬及人员任命委员会、管理委员会提供法律服务。

Smith律师还在并购、证券和公司法律事务方面提供专家意见证言。

13539_740x360

Practice:

  • 复杂诉讼与争议解决
  • 专利
  • Trademark, Copyright & Media
  • 知识产权
  • 网络、隐私与数据创新
  • 反垄断与竞争
  • 国际仲裁与争议解决
  • 大规模侵权与产品责任
  • 雇佣法与诉讼
  • 日本业务