World in transition: Four themes

We focus on four themes of change and how they are affecting companies and markets around the world.
In this way, we hope to contribute to a greater understanding of where the world is headed at a time of historic transitions.

manhattan
Insight
Reality check: US M&A H1 2022

US deal activity saw an annual decrease in H1 of this year, but remains buoyant compared to pre-pandemic standards

European SPACs data hub
Insight
European SPACs Data Hub

After a record year of activity in 2021, European SPAC IPO issuance slowed in  Q1 2022. EU SPAC IPO proceeds totalled US$1.07 billion in Q1 2022.

digital chart
Insight
US SPACs Data Hub

Welcome to the White & Case US SPACs Data Hub, which provides a quarterly review and analysis of key drivers and trends behind US De-SPAC M&A activity and SPAC IPO activity.

FIG M&A Sector Trends - July 2022
Insight
Financial institutions M&A: Sector trends - July 2022

We highlight the key UK & European M&A trends in H2 2021 and H1 2022, and provide our insights into the outlook for M&A moving forward.

Alert
The Global ESG Regulatory Framework toughens up

A look at three key regulatory developments in the EU and US - proposed EU Corporate Sustainability Due Diligence and Reporting Directives and US SEC Climate Change Disclosure Rules

European NPLs: Smaller deals and a slower pace
Insight
European NPLs: Smaller deals and a slower pace

The European non-performing loan landscape looks very different in 2022, with large deals driven by urgent government regulation supplanted by small but steady opportunities.

mediterranean
Webinar
Global Supply Chains: How will ESG, sustainability and circularity make a difference?
Transitioning from coal to renewables in Africa
Insight
Transitioning from coal to renewables in Africa

Blocking funding for gas energy projects in Africa may seem like sensible climate policy. But is it?

Energy transition, funding African infrastructure and sustainable finance
Insight
Energy transition, funding African infrastructure and sustainable finance

A conversation with White & Case partner Sibusiso Zungu

Africa's digital infrastructure transformation
Insight
Africa's digital infrastructure transformation

Affordable, universal digital access is key to Africa's growth and development

China's pivotal role in supporting post-COVID growth in Africa
Insight
China's pivotal role in supporting post-COVID growth in Africa

China's relationship with Africa is well established, deep and thriving on many fronts

Is "low-carbon" hydrogen a useful option for Africa's energy needs?
Insight
Is "low-carbon" hydrogen a useful option for Africa's energy needs?

African policies can encourage low-carbon hydrogen production processes

Africa Focus: Summer 2022
Insight
Africa Focus: Summer 2022

Sustainably powering Africa’s development

Brazil
Insight
A bright future: Smart cities in Latin America

Smart city initiatives in Latin America have too often been overshadowed by high-profile projects in North America. But the tide is changing, and smart city projects throughout the region are gaining traction like never before.

credit cards
Insight
Retail M&A driven by pandemic trends

Long-term consumer behavior triggered by the pandemic continues to catalyze deal activity  

Aviation
Alert
From Here to There: Challenges in meeting sustainable aviation fuel targets
gold coin
Alert
Global Hydrogen Guide: Emerging Policy and Regulatory Initiatives – Edition 2
Liquid debt markets hit the brakes on restructurings
Insight
Global PE activity slows in Q1 following blockbuster year

Private equity dealmaking was slow to pick up the pace in Q1, yet activity remained in line with pre-pandemic levels

fine art
Insight
Global M&A market drops to pre-pandemic levels

While global dealmaking in Q1 was down from a blockbuster 2021, there are signs deal activity could pick up later in the year

Two electrical engineers wearing protective gear stand between the blades at the top of a wind turbine in Thailand. Far below them, the land is densely forested. Another wind turbine sits in the distance and mountains are on the horizon.
Insight
A range of tactics is needed to achieve a lower-carbon world
An aerial view of a mostly empty eight-lane highway in Beijing. A median divides the highway. One vehicle travels in one direction, and two travel in the other. Groves of trees surround the highway.
Insight
Environmental, social and governance factors enter the mainstream
An arrow points to the right against a background of different colored dots.
Insight
Buoyant capital markets help fuel dealmaking
A person, with their back to the camera, sits at a desk in front of two computer monitors. The monitor on the right shows a world map that uses bright color to represent demographics, infrastructure, borders and resources. Similarly colored graphs are partially visible on the monitor to the left.
Insight
Policy shifts may signal a new chapter in the story of globalization
Alert
Four major changes to corporate transparency in 2022
Metropolis
Insight
Global IPOs: A blockbuster year

IPOs boomed in 2021, with both the number of new listings and the total proceeds raised breaking records. But dealmakers face a tougher road ahead.  

pump jacks
Insight
ESG pressures fuel dealmaking

Companies across the globe are turning to M&A to fulfill their ESG ambitions while investors seek the steep returns on offer

Energy projects
Insight
Building the new: Creative solutions for procuring major energy projects
Connect cars
Insight
At a crossroads: Europe’s auto sector borrowers face change and the effects of events in Ukraine

Vehicle sales rebounded strongly following lockdowns, but Europe’s automotive companies confront a period of significant change as governments phase out combustion engines, supply chain constraints bite and the impacts of events in Ukraine are felt  

Alert
Biden Administration Increases Domestic Content Requirements under Buy American Act, Enhances Price Preferences for Domestic “Critical” Goods
Alert
How to Manage the Risks of SPAC Securities Fraud Actions in 2022
Alert
Dismissal of judicial review highlights the challenges in pursuing climate change-related claims in the UK
stock market
Insight
Backed by SPACs, IPOs hit new heights in 2021

A combination of SPACs, pent-up demand from pandemic-shocked 2020 and a wave of technology listings drove the IPO market to record highs 

Alert
Biden Administration Announces New Initiatives to Incentivize Clean Manufacturing
Solar
Insight
Global decarbonization goals drive renewables M&A

Ambitious decarbonization policies are encouraging dealmaking within the renewables industry, with the sector’s untapped potential too big to ignore  

Alert
SPACs and De-SPAC Transactions in the UAE
Alert
How Digital Asset Innovators Can Manage the Risks of White Collar Scrutiny in the US
Alert
Virtual "Currencies": Not actual currencies
Facing headwinds
Insight
Facing headwinds

The aviation sector has endured a difficult two years amid border closures and lockdowns. In spite of persistent volatility and uncertainty, our survey finds that senior executives are cautiously optimistic about the state of global aviation financing in 2022

London city photo
Insight
European leveraged finance: From surviving to thriving

Leveraged loan and high yield bond markets in Western and Southern Europe saw a major resurgence in the past 12 months, driven initially by refinancing, followed by almost unprecedented M&A and buyout issuance, and setting the stage for, on balance, a productive year ahead  

building
Insight
Loan activity drives US leveraged finance to new heights while high yield bond issuance maintains lofty pace

Large double-digit gains in US loan issuance meant leveraged finance markets ended 2021 with a bang and set the stage for robust activity in 2022