August 20, 2024 – RRD Immigration attorney Mandi B. Bucceroni is a panelist for the Philadelphia Bar Association CLE The Unintended Consequences of Mergers and Acquisition – the Immigration Law Perspective, where attendees will learn how to avoid oversights in M&A transactions that may lead to severe compliance issues, risking legal penalties and operational disruptions.

Mergers and Acquisitions (M&A) attorneys and their clients are often understandably consumed with the business points of the deal and the risk shifting components of the deal documents (i.e., the reps and warranties, the survival period thereof, indemnification, etc.), but sometimes do not appropriately focus on the impacted employees and what may occur if the people are in the U.S. on a visa. Depending on the nature of the M&A and the status of the foreign national employee, employment may be severed if actions are not taken before a deal closes and both the purchaser and the seller may suffer adverse consequences post-closing depending upon the employee’s pre-transaction status and records with respect thereto. In some instances, there is no solution without the business deal changing and/or peoples’ status being impacted. In sum, immigration compliance can get complicated and unforeseen liabilities can arise in M&A transactions regardless of the enterprise value of the deal.

Success in the global marketplace may require a significant transition in business operations. However, any decisions involving M&A or other business transactions or restructurings must necessarily include considerations of any potential immigration law issues.

To attend this event, click here.