Tag Archives: Takeover
On 28 June 2022, IND NSD issued operational guidelines for capturing reasons for all types of encumbrances and details of ultimate lenders in the depository system. Applicable where shares are pledged in favor of the trustee by the promoters. Specified reasons for encumbrance and codes; system will be ready on 1 July 2022. Background: In…
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On 30 June 2022, AST FIRB announced 2022-23 foreign investment application fees have been indexed and issued guidance containing fee schedule and other information. The revisions apply to applications made and notices given from 1 July 2022.
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On 29 June 2022, NLD GVT issued letter on ABN AMRO and BNP Paribas. Minister of Finance Kaag sent a letter dated 29 June 2022 to Parliament, responding to reports about a possible takeover of ABN AMRO by BNP Paribas. Advises he has submitted a confidential letter to the Standing Committee on Finance, as per…
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On 13 June 2022, UK TO Panel confirmed publication of the revised takeover code. Reflects amendments made by Instruments 2022/1 (limitation on length of service of Panel members), 2022/2 (miscellaneous code amendments), 2022/3 (document charges), and 2022/4 (removal of restriction on anonymous order book dealings). Consequential amendments made to practice statements 19, 20, 24, 28…
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On 5 May 2022, UK TO Panel issued various amendments to takeover code. UK TO Panel published amendments to the takeover code publication of RS 2021/1, on Miscellaneous Code amendments, RS 2022/1 on Removal of restriction on anonymous order book dealings, as well as Instrument 2022/3, that dealt with Document Charges. Various documents dated 5…
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On 26 May 2022, The Takeover Panel released PCP 2022/2 for public comment. The consultation paper sets out a number of proposed amendments to the presumptions of the definition of "acting in concert" in the Takeover Code. Comment period is open through 23 September 2022.
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