On 12 April 2024, FIN GVT published decisions presented by the President of the Republic on the session of 12 April 2024, including the confirmation of bill HE 3/2024. FIN PRL accepted bill; President ordered the law to enter into force on 19 April 2024. Background On Feb. 15, 2024, FIN PRL published HE 3/2024…
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U.K. – FB M&A Conference 2024 Takeaways
On 9 April 2024, UK FB reported on M&A Conference 2024 and Beyond. UK FB issued main takeaways of its first M&A Conference: 2024 and Beyond. Overview Inaugural M&A Conference welcomed over 125 delegates ranging from advisory, legal and consultancy practitioners to companies, regulators, government representatives. Experienced line-up of keynote speakers and panellists considered the…
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Taiwan – FSC Securities Substantial Shareholding Reporting
On 10 April 2024, TAI FSC issued rules on stipulating forms for acquirers. TAI FSC, TAI Justice commissioned TAI EXC to handle the report and public announcement made by acquirers of substantial shareholdings of listed company or a company whose shares are neither listed nor traded at the business places of securities firms. Also commissioned…
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Netherlands – DNB UCITS Qualifying Shareholding
On 10 April 2024, NLD DNB said UCITS managers must notify of shareholding. NLD DNB explained that investment firms and managers of UCITS have the obligation to annually notify NLD DNB of the holders of a qualifying shareholding and must also notify DNB when a holder of a qualifying shareholding increases or decreases the interest.…
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U.S. – Blackwells Capital Announced Takeover Plans
On 10 April 2024, Blackwells Capital told shareholders of Braemar Hotels & Resorts Inc. that it intends to takeover the real estate investment trust. Blackwells' told investors it's takeover is necessary to stop the manager from "milking" the company for all it's worth.
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Romania – ASF AIF Authorization Rules
On 4 April 2024, ROM ASF issued draft rules to amend the AIFs Regulation. ROM ASF issued draft to amend and supplement regulation 7/2020 regarding the authorization and operation of alternative investment funds (AIFs). Follows ROM ASF February 2021 amended rules on authorizing/operating AIFs. Overview Proposals to amend and supplement Regulation 7/2020 on authorization and…
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