Chapman Tripp submission on Takeovers Panel

Chapman Tripp supports the Takeovers Panel efforts to simplify the application of the Takeovers Code for small companies – we suggest those with less than $25m total assets. 

This would have the benefit of enabling small companies to be carved out of the Code in their start-up phase, and to enter it later in the company’s lifecycle. The ability to opt out of the Code entirely through structuring would remain.  We have also supported most of the technical amendments the Panel recently consulted on.

Our submission to the October 2016 consultation paper is available here.

Chapman Tripp Submission - Takeovers Panel Print this article Download free Acrobat Reader here

Related topics: Company law

Corporate & commercial; Mergers & acquisitions

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