CodeWord Issue 04 - December 2001
In this issue
The Code’s First 100+ Days
The Takeovers Code was a long time coming. Its commencement on 1 July 2001 was almost 10 years after the Takeovers Panel Advisory Committee was appoin…
Read MoreDenis Byrne joins the Panel
Australian commercial lawyer, Denis Byrne, has been appointed to the Takeovers Panel by the Minister of Commerce, Hon Paul Swain. Mr Byrne has been a …
Read MoreComments on Exemptions
Time required to process exemption applicationsIf an exemption is required this should be taken into account early in the process of the transaction. …
Read MoreComment on Rule 16
As an exception to the fundamental rule contained in rule 6 of the Takeovers Code, a person may become the holder or controller of an increased percen…
Read MoreComments on Independent Advisers
Time and costs of processing approvalsApplications for approval to act as an independent adviser should be sent to the Panel as early as possible and …
Read MoreComments on Enforcement
Offeror’s statement - disclose upstream partiesClause 6 of Schedule 1 of the Code relates to shares of the target company held or controlled by the of…
Read More