Screen pre-completion steps against the premerger waiting period
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Take the list of proposed pre-completion steps the lawyer provides and note, for each step, whether it is proposed before both persons have filed notification and the waiting period in 15 U.S.C. § 18a has ended. Record the waiting period stated on the statute page: it ends on the thirtieth day after receipt of the notification, or the fifteenth day for a cash tender offer, or on a later date set under subsection (e)(2) or (g)(2). Do not clear a step.
- What the lawyer must review
- The lawyer decides whether a step would be an acquisition of voting securities or assets that § 18a forbids before the waiting period expires, whether an exemption in subsection (c) applies, and whether the size tests are met on the current adjusted dollar amounts. The statute states baseline amounts that are adjusted and published for each fiscal year. The page opened does not state this year's adjusted figures. The lawyer also decides which competitive information may be shared. Section 18a is the filing and waiting-period rule.
- Written for / version
- United States versionUS
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes organising research leads. Confirm the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Trace every relied-on figure to its source, confirm dates and assumptions, and independently recalculate totals or derived amounts.
- Check the current court or regulator requirements, prescribed form and attachments for the intended document and filing.
- Verify the applicable jurisdiction and the version of each relevant law, rule or instrument in force at the material time.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.