Changes in UK Takeover Code come into force
On 30 September, key changes to the Takeover Code come into effect. These include revised rules concerning information disclosure, profit forecasts, and quantified financial benefits statements (QFBSs); and also an extension to the jurisdiction of the panel.
Commenting on the changes, Hogan Lovells’ corporate partner, Richard Ufland, said: ‘The revised rules adopt a more proportionate set of provisions than at present, and provide a more logical framework for the regulation of profit forecasts and QFBSs. In addition, the changes introduce a sensible amendment to the scope of the jurisdiction of the panel…
If you are registered and logged in to the site, click on the link below to read the rest of the Hogan Lovells briefing. If not, please register or sign in with your details below.
News from Hogan Lovells
News from The Lawyer
Briefings from Hogan Lovells
The decision of the US Court of Appeals has raised questions about how issuers should present their disclosures on conflict minerals under Exchange Act Rule 13p-1 and Form SD.
An interesting judgment was delivered by the Honourable J Majiki on 19 November 2013 in the Eastern Cape High Court, Port Elizabeth.
Analysis from The Lawyer
As international firms question their future in these small, closely linked markets, local lawyers too are eyeing the business environment with caution
Beyond the headline infrastructure projects, UK construction work is still recovering from the clobbering it took during the slump