Monthly Archives: October 2020

U.K. – Takeover Panel Issues Proposal to Change Takeover Code

On 27 October 2020, UK TO Panel issued consultation on offers/offer timetable. Takeover Panel code committee issued a public consultation paper, setting out proposed amendments to Takeover Code regarding conditions to offers and offer timetable. Overview Offer timetable prescribed by Takeover Code is designed to strike balance between the interests of offeror(s), offeree company and…
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Sweden – FI Fines for Late Shareholding Disclosure

On 27 October 2020, the Swedish regulator, Finansinspektionen fined Paradigm Capital Value LP  for late shareholding disclosure. Paradigm Capital Value LP made late notification of its holding of shares and votes in Jetpak Top Holding AB Effective Paradigm Capital Value LP shall pay a penalty of SEK 40,000.  
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UKP Post-Brexit Common Frameworks

On 23 October 2020, UKP started common frameworks inquiry on post-Brexit. UKP house of Lords Common Frameworks scrutiny committee, launched an inquiry on post-Brexit common frameworks program, inviting evidence from interested parties. Background UK’s exit from EU will result in a number of powers that are currently held by the EU being returned to the…
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