On 24 July 2022, LUX CSSF published consolidated law on takeover bids. LUX CSSF published consolidated version of law of 19 May 2006, dated 20 July 2022. The law transposes EU directive 2004/25/EC of 21 April 2004 on takeover bids. Applies to takeover bids for securities of companies governed by laws of EU member states […]
On 28 July 2022, SWI Takeover Board issued decision on restructuring of MCH Group. SWI TOB issued decision on the non-existence of an obligation to make takeover offer re MCH Group AG in connection with the restructuring of the MCH Group. MCH Group The primary purpose of the MCH Group is the acquisition, sale, management […]
On 25 July 2022, IND SEBI issued Securities and Exchange Board of India (issue of capital and disclosure requirements) (third amendment) regulations, 2022. Inserts chapter X-A on social stock exchange after chapter X and before chapter XI. Regulations shall come into force on the date of their publication in Official Gazette
On 21 July 2022, AST GVT issued foreign acquisition/takeover fees rules. AST GVT issued the Foreign acquisitions and takeovers fees imposition amendment (fee doubling) regulations 2022 on 21 July 2022, which amend the Foreign acquisitions and takeovers fees imposition regulations 2020 to double the listed fees. Effectiveness Regulations are in force from 29 July 2022; […]
On 26 July 2022, aosphere LLP’s Rulefinder alerted to temporary short selling bans in S Korea effective 27 July.
On 20 July 2022, EU ESMA issued updated list of administrative measures, and penalties applicable to infringements of regulation on short selling and credit default swaps.