Carmen Lu Discusses Standstill Agreements With The Deal

Corporate partner Carmen Lu spoke with The Deal about recent trends in standstill agreement timelines. In “Standstills Emerge as Barometer of Corporate Confidence, Activist Leverage,” published on December 11, Carmen explains why companies may seek long-term standstills despite pressure for immediate action.

Credibility is essential, Carmen says, noting that a company’s failure to reach a deadline may put them at risk of a multi-year campaign. A standstill agreement can not only provide “peace of mind” to a business’ board and management as they refocus their efforts, but also allow the company to solve problems without warring with activists, she explains.

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