On 1 September 2023, ARG CNV issued resolution on required procedures via GDE ARG CNV issued Resolution 974 regarding the filings that require use of remote procedures (TAD) through the Electronic Document Management System (GDE). Background Decree 1.063 of 2016 approved implementation of Remote Procedures Platform (TAD) via Remote Procedures module of Electronic Document Management…
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Japan – METI Corporate Takeover Guide
On 31 August 2023, JPN METI issued action guide for corporate takeovers. JPN METI published the Guidelines for corporate takeovers, based on discussions at the study group on fair acquisitions, which was established in November 2022. Guidelines Describe principles, best practices to be shared for formation of fair rules regarding M&A, focus on how parties…
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China – CSRC Further Regulates Shareholding
On 27 August 2023, CHI CSRC further regulated shareholding reductions. CHI CSRC further regulated shareholding reduction by controlling shareholder. CHI CFA also reported the regulatory action by CHI CSRC on shareholding reduction. Regulations Controlling shareholder cannot reduce shareholding in the secondary market if the stock market price of the firm is lower than it's IPO…
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