Yearly Archives: 2018

Netherlands – EA Cooling-Off in Takeovers

On 7 December 2018, NLD EA issued bill on cooling-off in hostile takeovers. Bill to allow board of a Dutch listed company to invoke 250 day cooling off period.BackgroundFollows political debate over several hostile takeover attempts, e.g. Akzo-Nobel.Government response was published in letter dated May. 20, 2017, with 4 options.Shareholders may pressure management to change strategy,…
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India – SEBI Dematerialized Securities

On 7 December 2018, SEBI updated on changes to disclosure of shareholding pattern. Ministry of Corporate Affairs has notified the Companies (Significant Beneficial Owners) Rules, 2018 under which various requirements on disclosures specified.All listed entities shall disclose details pertaining to significant beneficial owners.In a specific format under clause 5 of the format of holding of…
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Germany – BaFin Fine M. Stanley £2.4mn

 On 5 December 2018, GE BaFin fined M. Stanley €2.4mn voting rights Sanction based on violations of German Securities Trading Act, sections 33, 34.Failed to submit voting rights announcements in time, firm can appeal the fine.
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