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Eversheds sets the scene at Retail Law Forum

  • United Kingdom

    10-07-2014

    Two senior lawyers from law firm Eversheds spoke this month at Practical Law’s inaugural Retail Law Forum, a conference addressing the multi-faceted issues confronting retail businesses on a daily basis.

    Corporate partner Aleen Gulvanessian examined M&A as a strategy for growth and survival in the retail industry and shared some top tips for international M&A transactions and the formation of joint ventures, as well as looking at the lessons businesses can learn from Pfizer’s recent failed public bid for AstraZeneca.

    Aleen commented:

    “The majority of transactions we deal with, whether public or private, tend to have a cross-borders element these days. When conducting international transactions, it is essential to understand the culture in the relevant jurisdiction, differences in law and regulation that apply, and the knock-on effect on costs of entry into that country. When entering into a JV, apart from obviously taking great care in choosing your JV partner and establishing that you both share the same objectives, you must ensure you have appropriate exit provisions either on a deadlock or other reason for termination.”

    Eversheds data privacy expert Liz Fitzsimons, also took to the stage in a session about how retailers can take their customer data to the next level, considering omni-channel issues and retail tracking.

    Liz took the audience through some key recent developments, drawing out their implications in the retail sector.

    Liz commented:

    “Even before the introduction of the GDPR, recent cases have highlighted the growing rights of individual consumers in relation to their privacy and controlling and limiting the use of their personal details. Cases also clearly illustrate a new willingness by the European courts and regulators to recognise those Fundamental Charter Rights, preventing certain uses of personal details previously seen as acceptable, and looking beyond European subsidiary business activities, to the more complex reality of their interaction with international group operations.“

    James Batham, Head of Retail at Eversheds commented:

    “In an era where retailers are facing a multitude of changes, this conference has been key in highlighting issues to be aware of. Eversheds has a market leading retail team, routinely advising retailers on these issues and other key matters, in order to help businesses to navigate a complex and constantly evolving landscape.”

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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