On 20 March 2026, GE BaFin issued supervisory notice re C-864/24 EU ruling. GE BaFin issued Supervisory Notice 02/2026 re impact of ECJ ruling of 12 February 2026. Case C-864/24 dealt with interpretation of S34 of Securities Trading Act (WpHG) and S30 of Securities Acquisition and Takeover Act (WpUG). Overview The supervisory notice provides guidance…
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Hong Kong – SFC Update Takeover Table
On 26 March 2026, the SFC updated the Takeover Table with the following: offer period has commenced for Hing Lee (HK) Holdings Limited (stock code: 00396) from 26 March 2026.
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S Korea – FSS Substantial Shareholding Disclosure Booklet
On 19 March 2026, SK FSS updated a booklet on substantial shareholding disclosure. SK FSS issued a booklet on the shareholding disclosure system updated in December 2025. Outline of Updates The booklet reflects amendments to laws/regulations and institutional improvements, and addresses difficulties in compliance with reporting requirements. For this publication, the KOSDAQ Listed Companies Association…
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Australia – ASIC Ownership Transparency, Substantial Shareholding
On 10 March 2026, AST ASIC proposed to enhance beneficial ownership disclosure. AST ASIC issued consultation paper 387, enhanced beneficial ownership disclosure-proposed legislative instrument, form and guidance (CP 387). Aims to respond to reforms in schedule 1 of the Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Act 2025 (amending act). Follows AST GVT…
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Germany – Courts Takeover, Shareholder Rights
On 11 March 2026, GE Courts said proceedings re takeover have legally concluded. The judgment of 25 February 2026 in II ZR 130/24, closing the case, has been published. Recalls in judgment of 13 December 2022 (II ZR 14/21), the Federal Court of Justice overturned the decision of Higher Regional Court of Cologne (unfavorable to…
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Hong Kong – SFC Updated Takeover Table
On 2 March 2026, the SFC updated the Takeover Table with the following: offer period for Minmetals Land Limited (Stock Code: 00230) closed on 27 February 2026.
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