The Takeover Appeals Board has upheld a decision of the Takeover Panel Hearings Committee to cold shoulder several individuals for three years in respect of their acting in concert to circumvent Rule 9 (the mandatory bid rule) of the City Code on Takeovers and Mergers: see here (pdf). This is the second time that cold shouldering - excluding the individuals from involvement in takeover and merger work - has been imposed since the Code came into existence in substantially its current form (over 40 years ago) and is the most severe of the penalties at the disposal of the Takeover Panel.The Takeover Appeals Board has upheld a decision of the Takeover Panel Hearings Committee to cold shoulder several individuals for three years in respect of their acting in concert to circumvent Rule 9 (the mandatory bid rule) of the City Code on Takeovers and Mergers: see here (pdf). This is the second time that cold shouldering - excluding the individuals from involvement in takeover and merger work - has been imposed since the Code came into existence in substantially its current form (over 40 years ago) and is the most severe of the penalties at the disposal of the Takeover Panel.Spread The Love, Share Our Article
Subscribe to:
Post Comments (Atom)
Popular entries
-
The Securities and Exchange Commission has voted unanimously to introduce amendments designed to strengthen the regulatory framework govern...
-
The Information and Privacy Commissioner of Alberta released a very interesting order today, considering whether the right to freedom of exp...
-
The Ontario Information and Privacy Commissioner is investigating after old medical records were found in a dumpster behind a coffee shop by...
-
Earlier this year, in Hawkes v Cuddy [2009] EWCA Civ 261 , the Court of Appeal declined to follow the position, adopted in Re Guidezone [2...
-
Public limited companies in Norway were given until the start of this year to implement rules designed to increase the representation of wom...
-
Today, April 6, is an important date for aficionados of the Companies Act 2006 and anyone else interested in the Government's programme...
-
Like many people I suspect, I was concerned to read the recent BBC report about glass ceilings which, the report said, means that "to...
-
Note - the Landlord Law Blog has now moved to www.landlordlawblog.co.uk . There is still quite a bit of confusion regarding the recent deci...
-
In Gregson v HAE Trustees Ltd & Ors [2008] EWHC 1006 (Ch) a so-called "dog-leg" claim was brought against the directors of a ...
-
Figures from the DCA show that landlord possession claims were 20% down during the last quarter. Co-incidentally this was the first quarter...
Comments
Post a comment on: UK: cold shouldered by the Takeover Panel