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Australia – Treasury Scoping Paper – Takeovers Issues.

29 October, 2012

 

On 5 October 2012, Treasury released a Scoping Paper regarding policy issues raised by ASIC in relation to takeovers law. ASIC has highlighted a number of areas where takeovers law may require “modernising” to make it more responsive to market developments, including in the areas of:
 
  • creeping acquisitions;
  • use and disclosure of equity derivatives;
  • clarity of takeover proposals that do not trigger the requirement to make offers within two months;
  • association; and
  • the impact of new media.
 
It is intended that the scoping paper will provide a basis for a series of roundtable discussions with business, legal and market participants to discuss ASIC’s concerns. A more comprehensive paper will follow.
 

 











For further information, please contact:

 
David Ryan, Partner, Ashurst
 

Ashurst Corporate/M&A Practice Profile in Australia

 

Homegrown Corporate/M&A Law Firms in Australia

 
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