On 11 April 2022, AST GVT registered the 14th compilation of foreign acquisitions and takeovers regulation 2015, showing the law as amended and in force on 1 April 2022. Compilation issued to incorporate changes made by the foreign acquisitions and takeovers amendment regulations 2022.
On 11 April 2022, AST Tax issued first fine for foreign investment breach. AST Tax confirmed first penalty order for breaches of Australia’s foreign investments rules was issued by the federal court of Australia, and attracted $250,000 in penalties. Background AST Tax is co-administrator of the Foreign Acquisitions and Takeover Act 1975 (FATA), and is […]
Sweden FI Fines Voleon Capital for Late Short Selling Disclosure
Sweden FI Fines Lazard for Late Substantial Shareholding Disclosure
On 7 April 2022, Senate introduced bill re US portfolio investments in China. Senate introduced S.4051, a bill to require an annual report on United States portfolio investments in the People’s Republic of China, and for other purposes; text is pending.
On 5 April 2022, DoJ, SEC issued charges re $14 billion tender offer fraud. DoJ charged Melville ten Cate with tender offer fraud, securities fraud, and wire fraud in connection with several schemes on behalf of his company, Xcalibur Aerospace Ltd. Schemes include fraud tender offer worth over $14bn, arising from ten Cate’s allegedly sham […]