Content Type (RSS): In the News

  • McDermott Appoints 4 Real Estate Leaders in US, Germany

    McDermott Appoints 4 Real Estate Leaders in US, Germany

    COVERAGE

    McDermott Appoints 4 Real Estate Leaders in US, Germany

    February, 29, 2024

    Read time: 2 min

    About Us

    Dr. Jens Ortmanns

    Partner

    Düsseldorf, Cologne

    David M. Wolff

    Partner

    Chicago

    Mal E. Serure

    Partner

    Los Angeles, New York – One Vanderbilt Avenue

    Keith M. Pattiz

    Partner

    New York – One Vanderbilt Avenue

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  • Data protection: Companies also face fines for violations by “unknown” persons

    Data protection: Companies also face fines for violations by “unknown” persons

    ARTICLE

    Data protection: Companies also face fines for violations by “unknown” persons

    February 28, 2024

    Read time: 2 min

    Key takeaways
    Overview

    Companies can expect fines for data protection violations even without an identifiable culprit or breach of supervision. It is sufficient if the company should have recognized that the data processing was unlawful.

    Dr. Philip Uecker discusses the consequences of the latest court rulings in the article “Data protection: companies face fines even for breaches by “unknown persons””, published on “Markt und Mittelstand”.

    In depth
    Authors

    Dr. Philip Uecker

    Associate

    Düsseldorf

    More insights

  • Revision of the AIFM and UCITS Directives

    Revision of the AIFM and UCITS Directives

    ARTICLE / CLIENT ALERT

    Revision of the AIFM and UCITS Directives

    March 4, 2024

    Read time: 2 min

    Key takeaways
    Overview

    Reviewed versions of the AIFM and the UCITS Directive have been fixed and shall come into force by the middle of 2024. Member states will then have a period of two years for implementation. Amendments have been drafted especially with regard to delegation, loan originating funds and liquidity management tools. This article summarizes the main changes and gives an overview on the further procedure.

    Read full article here. (German)

    In depth
    Authors

    Frank Müller

    Partner

    Frankfurt

    More insights

  • McDermott Represents Assured Healthcare Partners in its Investment in Prolerity Clinical Research, LLC

    McDermott Represents Assured Healthcare Partners in its Investment in Prolerity Clinical Research, LLC

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Represents Assured Healthcare Partners in its Investment in Prolerity Clinical Research, LLC

    February 27, 2024

    Read time: 3 min

    McDermott Will & Emery represented Assured Healthcare Partners (AHP), a New York-based healthcare investment management firm, in its investment in Prolerity Clinical Research, LLC (Tandem), a clinical research site management network which operates 11 research sites across Louisiana, Florida, New Jersey and New York. Prolerity is focused on expanding into a leading site management network with a therapeutic breadth across complex and challenging phase I-III studies, including NASH/NAFLD, cardiology, CNS, gastroenterology, metabolic diseases and other therapeutic areas.

    The McDermott team was led by Krist Werling, Travis Jackson and John Zukin and included Terry Brennan, Garrett Moores, Jeff Holdvogt, Jennifer Hill, Jennifer Mikulina, Ellie Atkins, Brian Mead, Benjamin Kryder, Kristi Mankowske, Kevin Hall, Andrew Granek, Jiayan Chen, Li Wang, Jacob Weissman, Caroline Reignley, Gregory Fosheim, Patrick Zanayed, Anisa Mohanty, Kyle Weber, Taylor Hood and Scott Weinstein.

    Read AHP’s announcement.

    McDermott’s private equity (PE) practice is among the top four most active PE law firms globally and in the US with more than 160 dedicated PE lawyers across 21 locations. We have ranked Pitchbook’s Top 5 Healthcare PE firm for six consecutive years and are Top 10 in PE Buyouts and other PE deals. We are also ranked as a Top 10 Global Mid-Market PE Firm by Bloomberg and #7 PE Law firm by The Deal. Learn more about our PE practice by visiting pe.mwe.com.

    About Us

    McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

    Kristian A. Werling

    Partner

    Chicago

    Travis Jackson

    Partner

    Los Angeles

    John Zukin

    Partner

    Chicago

    Terry Brennan

    Partner

    Chicago

    Garrett A. Moores

    Associate

    Chicago

    Jeffrey M. Holdvogt

    Partner

    Chicago

    Jennifer D. Hill

    Associate

    Atlanta

    Eleanor B. Atkins

    Partner

    Washington, DC

    Brian Mead

    Partner

    Chicago

    Benjamin L. Kryder

    Partner

    Chicago

    Kevin Hall

    Partner

    Miami

    Andrew M. Granek

    Partner

    New York – One Vanderbilt Avenue

    Jiayan Chen

    Partner

    Washington, DC

    Caroline Reignley

    Partner

    Washington, DC

    Patrick Zanayed

    Partner

    Chicago

    Kyle D. Weber

    Partner

    Los Angeles

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  • Study Aid Biz Chegg Tries to Sink ‘Cheating’ Suit in Del.

    COVERAGE

    Study Aid Biz Chegg Tries to Sink ‘Cheating’ Suit in Del.

    February 27, 2024

    Read time: 2 min

    About Us

    Ethan H. Townsend

    Partner

    Wilmington

    Daniel T. Menken

    Partner

    Wilmington

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  • An Early Look: The 2024 Am Law 200 Financials

    COVERAGE

    An Early Look: The 2024 Am Law 200 Financials

    February 27, 2024

    Read time: 2 min

    About Us

    Ira J. Coleman

    Chairman

    Miami

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  • McDermott Advises Nord/LB on Financing the Acquisition of cisbox by Main Capital

    McDermott Advises Nord/LB on Financing the Acquisition of cisbox by Main Capital

    DEAL ANNOUNCEMENT / PRESS RELEASE

    McDermott Advises Nord/LB on Financing the Acquisition of cisbox by Main Capital

    February 27, 2024

    Read time: 3 min

    Munich, February 27, 2024 – McDermott Will & Emery has advised Nord/LB on the financing of acquiring a majority stake in German P2P software provider cisbox GmbH by Dutch software investor Main Capital. The founders of cisbox, Stephan Kern and Sebastian Mehrle, will remain with the company and have significant reinvested in it.

    Founded in 2005, cisbox offers cloud- and AI-based software solutions for the optimization of procure-to-pay (P2P) processes, primarily in the healthcare, hospitality, services and public sectors. The company employs more than 150 people in Solingen, Germany, and at two locations in Vietnam.

    NORD/LB Norddeutsche Landesbank is one of Germany’s leading commercial banks. As an institute under public law, it is part of the S-Finance Group. Its core business segments include corporate customers, special financing in the energy and infrastructure sectors and for aircraft, financing commercial real estate via Deutsche Hypo, capital market business, association business with the savings banks and private and commercial customers including private banking. The bank is based in Hanover, Braunschweig and Magdeburg and has branches in Oldenburg, Hamburg, Schwerin, Düsseldorf and Munich. Outside Germany NORD/LB is represented by a Pfandbrief bank (NORD/LB Covered Bond Bank) in Luxembourg and by branches in London, New York and Singapore.

    The McDermott team was led by partners Matthias Weissinger and Ludwig Zesch and comprised counsel Maximilian Meyer as well as associates Tim Becker, Laura Sollacher and Romy Lanz.

    About Us
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  • McDermott Announces New Real Estate Group Leadership

    McDermott Announces New Real Estate Group Leadership

    PRESS RELEASE

    McDermott Announces New Real Estate Group Leadership

    February 26, 2024

    Read time: 4 min

    International law firm McDermott Will & Emery is pleased to introduce the new leaders of its global Real Estate Group. Our real estate lawyers counsel clients worldwide on all aspects of commercial real estate and real estate finance transactions, including acquisitions, dispositions, financings, restructurings and workouts, and joint ventures involving all real estate asset classes. With lawyers in offices across the United States, Germany, Italy and the United Kingdom, McDermott’s real estate practice is the go-to team for the sector’s most active investors, funds, developers, lenders and management companies.

    New group leadership includes:

    • Jens Ortmanns, Germany, global head of McDermott’s real estate practice

    Jens represents investors in all aspects of complex cross-border real estate transactions, large-scale developments, joint ventures, financings and restructurings.

    • David M. Wolff, co-head of the US real estate practice and head of the Chicago Real Estate Group

    David represents private equity sponsors, real estate investment trusts (REITs), developers, capital providers and other investors in all types of commercial real estate and real estate finance transactions. He advises clients with acquisitions; dispositions; joint ventures; mortgage, mezzanine and construction financings; loan workouts; and sale and leasebacks involving all assets classes.

    • David Herman, co-head of the US real estate practice and head of the New York Real Estate Group

    David counsels all manner of real estate investors and companies in connection with mergers, acquisitions and dispositions; joint ventures; financings; “going-private” transactions and initial public offerings; and workouts and restructurings of commercial real estate-related assets and transactions.

    • Mal Serure, co-head of the US real estate practice and head of the Los Angeles Real Estate Group

    Mal represents private equity funds, banks, real estate companies and REITs in a wide range of real estate transactions, including acquisitions, dispositions and joint ventures. He advises lenders and borrowers in mortgage and mezzanine loan financings, preferred equity transactions, restructurings and workouts. Mal also regularly represents Japanese clients in their equity and debt investments in US commercial real estate assets and transactions.

    McDermott’s global Real Estate Group operates on an integrated interdisciplinary platform, drawing upon legal skill in fund formation; environmental, social and governance; REITs and tax structuring; private equity; mergers and acquisitions; capital markets; and regulatory, healthcare, dispute resolution and antitrust matters. The team brings cohesiveness, collaboration and collective experience to sophisticated transactions shaping the most iconic skylines around the globe.

    About Us

    McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver highly effective solutions that propel success. More than 1,400 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

    Dr. Jens Ortmanns

    Partner

    Düsseldorf, Cologne

    David M. Wolff

    Partner

    Chicago

    Mal E. Serure

    Partner

    Los Angeles, New York – One Vanderbilt Avenue

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  • Ryze Claim’s Recapitalization

    COVERAGE

    Ryze Claim’s Recapitalization

    February, 23, 2024

    Read time: 2 min

    About Us

    Michael R. Halsband

    Partner

    New York – One Vanderbilt Avenue

    Robert K. Clagg

    Partner

    Chicago

    Andrew M. Granek

    Partner

    New York – One Vanderbilt Avenue

    Anthony Teng

    Associate

    New York – One Vanderbilt Avenue

    Jeffrey M. Holdvogt

    Partner

    Chicago

    Brian Mead

    Partner

    Chicago

    David P. Saunders

    Partner

    Chicago

    Cecilia Choy PhD

    Associate

    Silicon Valley

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  • Fines for Lax M.D./NP Collaborations Warn Against Loose Policies

    Fines for Lax M.D./NP Collaborations Warn Against Loose Policies

    COVERAGE

    Fines for Lax M.D./NP Collaborations Warn Against Loose Policies

    February 23, 2024

    Read time: 2 min

    About Us

    Lisa Mazur

    Partner

    Chicago

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