World Library  
Flag as Inappropriate
Email this Article

Takeovers Panel

Article Id: WHEBN0023611288
Reproduction Date:

Title: Takeovers Panel  
Author: World Heritage Encyclopedia
Language: English
Subject: David Gonski
Collection:
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Takeovers Panel

The Australian Takeovers Panel is a statutory entity based in Melbourne, Australia. It is the primary Australian forum for resolving disputes about a takeover bid during the bid period itself. The Panel is a peer review body, made up of part-time members from the Australian investment banking, legal, accounting and business communities.

The Panel is established under section 171 of the Australian Securities and Investments Commission Act and is given various powers under Part 6.10 of the Corporations Act. The Panel has a full-time Executive based in Melbourne who assist its members, draft policy, and provide continuity to the Panel in its decisions.

Powers

The Takeovers Panel has three main powers:

  • to declare circumstances in relation to a takeover, or to the control of an Australian company, to be unacceptable circumstances.
  • to protect the rights of persons (especially target company shareholders) during a takeover bid and to ensure that a takeover bid proceeds (as far as possible) in a way that it would have proceeded if the unacceptable circumstances had not occurred.
  • various review powers.

The Panel has similar peers in other jurisdictions, such as the London Panel on Takeovers and Mergers in the UK.

External links

  • Homepage
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 



Copyright © World Library Foundation. All rights reserved. eBooks from World eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.