Real estate · Industry brief

The SEC just handed dealmakers a procedural win on timing.

New exemptive orders issued in April and June 2026 cut the minimum holding period for equity tenders from 20 business days to 10 and for non-convertible debt from 20 to 5 [Quelle: Mayer Brown]. The relief applies to third-party public M&A tenders, issuer self-tenders, and liability management transactions for both public and private companies, expanding on 2015 guidance. Issuers now have real flexibility to compress deal timelines and optimize capital structures on the fly.

Expect faster reverse mergers and recaps to follow.

Regulatory friction is eating into deal velocity across key markets.

Vietnam's draft competition law—published in June and moving toward enactment—lowers M&A notification thresholds, expands control definitions to capture PE consortiums, and creates individual officer liability for breaches Following last week's deep dive, while Switzerland's revised Anti-Money Laundering Act, effective October 1, now mandates beneficial-ownership verification on all transactions above CHF 5 million, down from CHF 100,000. Deal teams must rebuild long-stop dates to six months or more, demand earlier landlord engagement, and budget for extended diligence cycles. Smaller advisory shops face consolidation pressure as compliance infrastructure costs rise.

Summer prep window is closing; fall closings will demand flawless execution.