The Week at Ropes & Gray: New Hub for Value-Based Health Care; a Life Sciences Seminar; Two Awards for Restructuring Deal in Asia
Weekly highlights of what’s happening at Ropes & Gray:
- Unprecedented opportunities and challenges await organizations as they shift toward value-based health care models. To help clients across the sector assess and transition to these payment models, we have launched an online hub for articles, webinars, research materials and other valuable resources dedicated to value-based health care, all organized by industry segment and topic. We are also set to launch a series of teleconferences, titled "The Transition to Value-Based Health Care," that address the impact of the new administration on value-based health care through the lens of different industry segments. The first seminar, “A View from Washington of President Trump’s First 60 Days,” will be hosted on March 15.
- Securities class actions were up sharply last year, with the highest number of filings since 2000; more than one in 20 publicly traded companies became targets in 2016. The life sciences industry remains a hotbed for these lawsuits, which often follow the release of clinical trial results or an FDA action. A trio of panelists from our business & securities litigation group hosted a seminar to arm companies with tools to prepare for and respond to a drop in their stock price, including strategies for mitigating risk, preparing for potential litigation and enforcement activity, and communicating with key stakeholders.
- Finally, some excellent recognition for our restructuring work in Asia this week, with the firm taking home two “deal of the year” awards, one at the International Financial Law Review (IFLR) Asia Awards and the other from Asian-Mena Counsel, for its involvement in the restructuring of Kaisa Group, a Hong Kong-listed real estate company operating in China. The restructuring, completed on July 21, is believed to be the largest of its kind by a Chinese company; it was previously named “Deal of the Year” by China Business Law Journal. Additionally, in recognition of his significant contributions to the Korean legal profession, Seoul office managing partner William Kim has been honored with an Appreciation Award by the Korean Bar Association. Mr. Kim is the first and only foreign legal consultant to receive an award from the association.