Baker McKenzie’s Cross-Border M&A Index moved downward in the second quarter of the year. However, dealmakers have reason to be positive, with crossborder deal value jumping 49% year on year while the Index is up 30 points on Q2 2016.
THE GLOBAL PICTURE Despite a range of challenges such as Brexit, European regional elections and the direction of the Trump presidency, cross-border M&A was stable in Q2. And, after a fractious 2016, the EU performed particularly strongly.
SECTOR FOCUS: TECHNOLOGY Cross-border M&A in the technology sector was robust throughout 2016, hitting post-financial crisis highs in both deal volume and value. Meanwhile, the first half of 2017 saw only a mild drop-off in activity, bolstered by rising corporate cash levels, lower asset prices and global innovation.
SPOTLIGHT: IMAGE RIGHTS Most jurisdictions do not have a clearly defined or unique “image right,” and this can cause serious issues in M&A transactions. We explain the practical considerations that companies need to take to protect image rights in a deal.