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Commercial Awareness Discussion
Commercial Awareness Update - July 2018
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<blockquote data-quote="Coralin96" data-source="post: 1177" data-attributes="member: 15"><p>Hey guys, sorry I've been away for a while (exams are finally over!). I'll be starting these posts up again for this month.</p><p></p><p>Commercial Awareness Update 27/06/2018 - 04/07/2018</p><p></p><p><u>General Electric continues to sell off its assets</u></p><p><u></u></p><p><strong>The Story: </strong>General Electric continues its strategic review to focus on Aviation, Power and Renewable Energy. The company will sell off its healthcare division and its stake in Baker Hughes, one of the world's largest oil field services companies. The news caused GE's share price to rise, and investors are positive that the company is being slimmed down, especially after years of debt, disorganisation and poor management. The company also announced an extra $500m in cuts by 2020.</p><p><strong>The impact on businesses and law firms: </strong>In 2015, General Electric reviewed its M&A and finance legal panel. The firms appointed included Allen & Overy, Weil Gotshal and Manges, Freshfields and Slaughter and May. This year, General Electric will be reviewing its panel, which runs every four years. Clearly General Electric will be looking for law firms with strong M&A practices to help it unwind its stake in Baker Hughes and spin off its healthcare division. The law firms chosen can expect high fees and a high volume of work if they are selected, and those in the run in will have to think about how they pitch themselves.</p><p></p><p><u>The consequences of Trumps tariffs continue</u></p><p><u></u></p><p><strong>The Story: </strong>Donald Trump has been criticising Harley-Davidson, the American motorcycle manufacturer that has announced plans to move some production out of America. The news comes as the EU has imposed tariffs on motorcycles imported from America in response to Trump's tariffs.</p><p><strong>The impact on businesses and law firms: </strong>Trump's tariffs has caused the cost of metals to rise and reduces expected European sales to fall. That's because Harley Davidson relies on metals for production and 16% of motorcycle sales come from Europe. Other businesses have cut investment and look to be waiting before moving production and adjusting their supply chains. But if America continues to chase a trade war, we can expect more businesses to follow Harley Davidson.</p><p></p><p><u>The smartphone patent war has ended</u></p><p><u></u></p><p><strong>The Story: </strong>Apple and Samsung have settled a seven-year dispute over patents. The dispute started in 2011, when Apple filed a suit claiming Samsung had copied the design of the iPhone in some of its productions, violating Apple's patents.</p><p><strong>The impact on law firms: </strong>This legal dispute is said to be the most high profile patent case of the last decade. It took place in courts in ten countries and reached the US supreme court. Samsung initially lost the 2012 trial, awarding Apple $1 billion, but this was then reduced to $548 million, and this settlement suggests Samsung has given up trying to overturn the ruling.</p></blockquote><p></p>
[QUOTE="Coralin96, post: 1177, member: 15"] Hey guys, sorry I've been away for a while (exams are finally over!). I'll be starting these posts up again for this month. Commercial Awareness Update 27/06/2018 - 04/07/2018 [U]General Electric continues to sell off its assets [/U] [B]The Story: [/B]General Electric continues its strategic review to focus on Aviation, Power and Renewable Energy. The company will sell off its healthcare division and its stake in Baker Hughes, one of the world's largest oil field services companies. The news caused GE's share price to rise, and investors are positive that the company is being slimmed down, especially after years of debt, disorganisation and poor management. The company also announced an extra $500m in cuts by 2020. [B]The impact on businesses and law firms: [/B]In 2015, General Electric reviewed its M&A and finance legal panel. The firms appointed included Allen & Overy, Weil Gotshal and Manges, Freshfields and Slaughter and May. This year, General Electric will be reviewing its panel, which runs every four years. Clearly General Electric will be looking for law firms with strong M&A practices to help it unwind its stake in Baker Hughes and spin off its healthcare division. The law firms chosen can expect high fees and a high volume of work if they are selected, and those in the run in will have to think about how they pitch themselves. [U]The consequences of Trumps tariffs continue [/U] [B]The Story: [/B]Donald Trump has been criticising Harley-Davidson, the American motorcycle manufacturer that has announced plans to move some production out of America. The news comes as the EU has imposed tariffs on motorcycles imported from America in response to Trump's tariffs. [B]The impact on businesses and law firms: [/B]Trump's tariffs has caused the cost of metals to rise and reduces expected European sales to fall. That's because Harley Davidson relies on metals for production and 16% of motorcycle sales come from Europe. Other businesses have cut investment and look to be waiting before moving production and adjusting their supply chains. But if America continues to chase a trade war, we can expect more businesses to follow Harley Davidson. [U]The smartphone patent war has ended [/U] [B]The Story: [/B]Apple and Samsung have settled a seven-year dispute over patents. The dispute started in 2011, when Apple filed a suit claiming Samsung had copied the design of the iPhone in some of its productions, violating Apple's patents. [B]The impact on law firms: [/B]This legal dispute is said to be the most high profile patent case of the last decade. It took place in courts in ten countries and reached the US supreme court. Samsung initially lost the 2012 trial, awarding Apple $1 billion, but this was then reduced to $548 million, and this settlement suggests Samsung has given up trying to overturn the ruling. [/QUOTE]
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Commercial Awareness Update - July 2018
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