Panel warning on deal protections: UK Takeover Panel review of the 2011 changes to the Code
The UK Takeover Panel has conducted its promised operational review of the reforms to the Code which took effect in September 2011. The Panel believes the reforms have operated ‘satisfactorily’ and concludes that no immediate changes to the Code are necessary, although it plans to keep certain areas under review, notably deal protection measures, formal sale processes and market flex disclosures.
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DLA Piper has released issue 64 of its Banking and Finance Litigation Update.
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