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Briefing Notes
M&A
Uber Makes €10 Billion ($11.6bn) Takeover Approach for Berlin-Based Delivery Hero in Landmark Food-Delivery Consolidation Move
Uber's stake-building before the bid is a textbook pre-announcement strategy — but it triggers disclosure and concert-party scrutiny in EU markets.
Capital Markets
SoftBank Mandates Banks for Dual US IPOs of SB Energy and AI Robotics Spinoff Roze as Japanese Conglomerate Accelerates US Listing Strategy
SoftBank listing both an energy and an AI business simultaneously shows US exchanges still win the race for high-growth spinoff mandates.
Banking & Finance
FCA Weighs Mandatory Quarterly Disclosure Rules for Private Credit Firms as Regulator Coordinates with FSB and IOSCO on Systemic Risk Framework
Mandatory quarterly private credit disclosure would fundamentally reprice the compliance cost of running a UK-domiciled direct lending fund.
AI & Law
EU Eyes Record Fine Against Google Under Digital Markets Act as AI Search Changes Fail to Satisfy Commission's Gatekeeper Obligations
A DMA fine calibrated to Google's AI Search changes would price the cost of non-compliance for every other AI-enabled gatekeeper platform.
Energy & Tech
Post-Iran War Inflation Forecast 'Wider, Deeper and More Persistent', Reshaping UK Energy Project Financing and Regulatory Risk Assessments
Persistent post-war inflation forces renegotiation of project finance covenants across the entire UK clean energy pipeline.
Regulation
PRA Runs Unannounced Live Crisis Simulation on London Market Insurers as Regulator Intensifies Systemic Risk Testing Across Specialist Lines
Blind live crisis simulations shift the PRA's supervisory toolkit from paper compliance to real-time operational accountability.
International
Oakley Capital Acquires Majority Stake in Belgian Software Business Xtel from Bain Capital and SilverTree in Cross-Border PE Secondary Transaction Advised by Simpson Thacher
PE secondaries in European software show the asset class retaining deal flow even as primary LBO markets face financing pressure.
Disputes
Rosen Law Firm Investigates Securities Claims Against TruBridge Over Revenue Recognition Errors as Healthcare IT Group Misses Annual Report Deadline
Multi-year revenue recognition restatements are the most reliable trigger for US securities class actions — and the hardest for companies to defend.