On 12 September 2022, UK FCA said it will likely make LFS pay £306mn penalty. FCA issued update on its involvement in proposed takeover of Link Group by D&D. UK FCA announced it has decided to impose conditions on takeover of Link Group. UK FCA’s decision to impose conditions follows announcements made on 12 September […]
On 29 July 2022, AST GVT registered compilation no. 2 of the Foreign acquisitions and takeovers fees imposition regulations 2020, showing the text as in force 29 July 2022. Compilation issued to reflect changes made by the amending instrument noted above.
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 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 14 July 2022, HUN CB discussed shares with voting rights in acquisitions. HUN CB published article by Dr. Kornél Komlósi, HUN CB market compliance lawyer on the effects of shares with voting rights to determine control influence in acquisitions. Main Points The Capital Markets Act provisions apply to acquisitions of control of a target […]