Standstill Agreement Uk M&A

In the world of mergers and acquisitions, standstill agreements are commonly used as a way to temporarily halt potential takeovers. A standstill agreement is a legal document that lays out the terms of a temporary truce between two companies engaged in an M&A transaction. In the UK, standstill agreements are governed by the Company Law of 2006 and are a common tool in the corporate world.

Standstill agreements are typically initiated by the target company as a way to buy more time to evaluate a potential acquisition proposal. A standstill agreement can give the target company time to gather information, perform due diligence, and consider alternative proposals. The target company may also use a standstill agreement as leverage to negotiate better terms with the potential acquirer.

During the standstill period, the potential acquirer is typically prohibited from purchasing additional shares in the target company or engaging in any activities that could be deemed hostile. This means that the potential acquirer is essentially frozen out of any further action until the standstill agreement expires or is terminated.

One important aspect of standstill agreements in the UK is that they need to meet the requirements of the European Commission’s Merger Control Regulation (ECMR). The ECMR requires that any proposed merger or acquisition that meets certain financial thresholds be submitted for review by the European Commission. As such, standstill agreements in the UK need to be structured to comply with the ECMR to avoid any potential anti-competitive issues.

Another aspect to consider in standstill agreements in the UK is the role of the Competition and Markets Authority (CMA). The CMA has the power to investigate mergers and acquisitions in the UK and can intervene to prevent anti-competitive behavior. As such, companies need to be mindful of the CMA’s role when negotiating standstill agreements.

In summary, standstill agreements are an important tool in the world of mergers and acquisitions in the UK. They provide a temporary truce between potential acquirers and target companies, allowing both parties to evaluate proposals and negotiate better terms. To be effective, standstill agreements need to be structured to meet the requirements of the ECMR and be mindful of the CMA’s role.

Whatsapp Privacy Agreement 2021

In May 2021, WhatsApp updated their privacy agreement and caused quite a stir among users. Many were concerned about their privacy and how their data was being used. In this article, we`ll take a closer look at WhatsApp`s privacy agreement for 2021 and what it means for users.

The first thing to note is that WhatsApp is owned by Facebook, which means that some of the data collected through the messaging app is shared with Facebook. This includes your phone number (which is required to use the app), the device you`re using, and your IP address. WhatsApp also collects information about your contacts if they are also using the app.

However, WhatsApp does state that they do not have access to the content of your messages. They use end-to-end encryption, which means that only the sender and recipient of a message can see the content. This also means that WhatsApp cannot access your messages even if they wanted to.

WhatsApp`s privacy policy also states that they do not share your messages with third-parties, advertisers, or other companies. They also do not keep a record of who you message or call, and they do not sell your data to anyone.

So, what has changed with the new privacy agreement? The main change is that WhatsApp is now allowing businesses to use their platform to communicate with customers. This means that if you message a business or interact with them through WhatsApp, some of your data may be shared with that business. This includes your phone number, transaction data, and other information that you may provide to the business.

WhatsApp does state that they will not share your data with businesses for advertising purposes, and that any data shared with businesses will be used only for the purpose of providing customer service. However, it`s important to note that businesses can still use the information they collect from you for their own marketing purposes.

Overall, WhatsApp`s privacy agreement for 2021 is not much different from the previous version. The biggest change is the addition of business communication, which may result in some of your data being shared with businesses. However, WhatsApp still uses end-to-end encryption to protect your messages, and they do not sell your data to third-parties.

As with any app or service, it`s important to read the privacy policy and understand how your data is being used. If you have concerns or questions about WhatsApp`s privacy practices, you can contact their support team or review their FAQs on their website.