Healthy activity levels expected in 2024 2023 was a reasonably strong year for the pharmaceutical and life sciences sector with both deal value and volume of M&A close to pre-pandemic levels. In 2024, we expect similar levels of activity, in the $225 billion to $275 billion range across all subsectors. Executives will continue to deploy cash balances and seek out areas of innovation and clinical differentiation to help address remaining growth challenges in the latter half of the decade. Despite some...

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Welcome to “Lost in Translation: Blunders in International Estate Planning.” This blog series explores the rarified world of international estate planning, uncovering potential pitfalls and providing insights to navigate the complexities. Blunder No. 2: Overlooking the Role of Cash as King There are numerous proverbs and sayings regarding money: You can’t take it with you. Money makes the world go round. Throwing good money after bad. Money talks. Time is money. A penny for your thoughts. A fool and his money are soon parted. Money does not grow on...

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As manufacturers start their strategic planning for 2024, they should pay attention to labor, economic climate, cybersecurity, and customers satisfaction: Labor and digital development Hiring and retaining quality skilled employees has never been more difficult. Like 2023,  organizations are predicting tight labor markets will continue to constrain growth in 2024. Burnout, low morale, insufficient wages, life balance, early retirement, increased union activities, contract labor disputes, and higher cost of living will continue to create headwinds. What can you do? • Pay close attention...

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Cushman & Wakefield has been recognized on the Forbes list of America's Best Large Employers 2024. The annual award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. America’s Best Large Employers were selected based on an independent survey of more than 170,000 U.S.-based employees from all industry sectors working for companies employing at least 5,000 people in the U.S. The survey topics included working hours, salary, opportunities for training and promotion, workload expectations,...

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U.S. Customs and Border Protection (CBP) issued a decision on February 9, 2024 in Enforce and Protect Act (EAPA) Cons. Investigation 7809, finding that Vanity Art LLC did not evade the antidumping duty (AD) order A-570-084 and countervailing duty (CVD) order C-570-085 on quartz surface products (QSP or covered merchandise) from the People’s Republic of China.  Vanity Art was represented by GDLSK LLP in the EAPA investigation. The case was initiated in early 2023 based on allegations filed by Cambria...

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This article summarizes the key messages of a seminar that EACCNY organized at the end of November, 2023 on the EU’s New Mobility Directive. The introduction of a harmonized European framework for cross-border change of legal form and demerger of companies opens up new opportunities for US businesses to restructure their subsidiaries across various jurisdictions within the European Union. By the end of January this year, member states of the EU were obliged to transpose the so-called EU Mobility Directive into...

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The past few years have been marked by adversities that have tested the world’s resilience, including a pandemic and conflicts that have disrupted global stability. But despite these hardships, we look ahead with a sense of purpose and determination. A message from our Managing Partner At Mannheimer Swartling, we believe in the transformative power of the legal profession to contribute to a better world. In times of uncertainty, lawyers have a unique ability to make a difference. We firmly believe that...

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The U.S. Department of Housing and Urban Development (HUD) funded 154 loans with a balance of $2.52 billion against multifamily and healthcare properties during the first quarter of its latest fiscal year. That's a 38% drop in production from the same period a year earlier when the agency funded 249 loans with a balance of $4.09 billion. Lending Volumes Decline The decline in production isn't a surprise, given that commercial property lending overall has continued to remain lackluster as a result...

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