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, […]
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 […]
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 […]
On 31 March 2022, AST GVT registered foreign acquisitions and takeovers amendment regulations 2022; these regulations commence on the day after they were registered. The regulations reduce regulatory burden for foreign investors that engage in moneylending, invest in unlisted land entities or Australian media businesses. As well as those that acquire shares or units under […]
On 18 March 2022, Thai SEC updated securities/derivatives merger/takeovers/acquistion rules. Thai SEC updated criteria for securities and derivatives operator mergers/takeovers/acquisitions. Follows Thai SEC August 2020, issued rules on mergers, takeovers, and acquisitions. Summary Securities/derivatives business operators can apply for a license or pre-registration request to enable merged firms’ continued operations once incorporation is complete. Will […]