Tag Archives: takeovers

Australia – ASIC Takeovers, Relevant Interests

On 18 October 2023, AST GVT registered ASIC corporations (amendment) instrument 2023/774, to amend the ASIC corporations (takeover bids) instrument 2023/683 and ASIC corporations (compulsory acquisitions and buyouts) instrument 2023/684 above. Published explanatory statement; instrument 2023/774 commences 19 October 2023.
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Germany – BaFin Acting in Concert Examples Shareholding and Takeovers

On 30 May 2023, BaFin published an article regarding collaborative engagement among institutional investors. covers collaborative engagement with respect to ESG topics notes the possible unintended consequences related to acting in concert within German substantial shareholding and takeover requirements. presents various scenarios to help illustrate the topic provides BaFin’s assessment as to whether relevant understanding…
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HK SFC Takeovers and Share Buy-Back

On 19 May 2023, HK SFC proposed revisions on takeovers, share buy-back. HK SFC proposed amendments to the Codes on takeovers and mergers and share buy-backs; aims to codify existing practices of Takeovers executive, clarify re the codes. Consultation Covers topics such as shareholder voting and definition of close relatives, the chain principle, efficiency improvements,…
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Australia – GVT Foreign Ownership Register

On 2 March 2023, AST GVT issued proposals re register of foreign ownership. AST GVT issued exposure draft Treasury laws amendment (measures for future instruments) instrument 2023: register of foreign ownership of Australian assets. Also issued an accompanying exposure draft explanatory statement re the instrument. AST GVT stated that this instrument (hereafter, the regulations) amends…
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Australia – Tax Fines for Foreign Investment Breach

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…
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