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CBRE Group to Acquire J&J Worldwide Services for $800M; Steve Kelley & Sean Thompson Quoted

ExecutiveBiz

In addition to the initial purchase price, the deal has a potential earn-out of up to $250 million, payable in 2027 and subject to J&J meeting certain performance thresholds, the Austin, Texas-based mission support services provider said Monday.

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UK: Update on the future Carbon Border Adjustment Mechanism following the UK Government response to the consultation

Import and Trade Remedies

In doing so the Government confirmed that the UK CBAM will apply from 1 January 2027 and that the primary legislation required to give effect to the UK CBAM will be included in the Finance Bill 2024-25. As originally proposed, direct and indirect emissions will have to be taken into account in the calculation as from 2027.

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UK: start of the public consultation on the introduction of a UK carbon border adjustment mechanism (CBAM)

Import and Trade Remedies

The UK CBAM is expected to enter into force in 2027, without a transitional period Under the proposals, unlike EU CBAM, there will be no reporting-only transitional phase for UK CBAM and so CBAM liabilities will be incurred as soon as the regime becomes operational at the start of 2027.

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“(Don’t) Let the Chips Fall Where They May”:  FAR Council Previews Proposed Rule Implementing the Covered Semiconductor Prohibition  

Government Contracts Legal Forum

The statutory deadline for a final rule is December 23, 2025, and the semiconductor prohibition will go into effect on December 23, 2027. Comments and responses to the FAR Council’s questions are due on July 2, 2024. Part A is focused on what is delivered to the agency customer and applies to all procurements.

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Friday Flash 04/12/2024

The Coalition for Government Procurement

The strategy outlines how DoD plans to fully implement its Zero Trust cybersecurity strategy departmentwide by fiscal year (FY) 2027. On March 6, 2024, the Federal Circuit vacated the CBCA decision on the threshold jurisdictional issue.

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Friday Flash 08/16/2024

The Coalition for Government Procurement

According to CMS, 15 more Part D drugs will be selected for negotiation for 2027 by February 1, 2025. The proposed changes to the DFARS are primarily to: Add references to the CMMC 2.0 The negotiated pricing is the first in a series that will be conducted through the Medicare Drug Price Negotiation Program.

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The FY 2024 National Defense Authorization Act: Key Provisions Government Contractors Should Know

Government Contracts Legal Forum

This provision of the NDAA seems targeted at bridging the communication gap between the agencies by requiring that the parties to a proposed transaction over the HSR threshold provide a copy of their HSR filing directly to DoD.