TAKEOVERS
January 1st, 2002
BY KEITH NUTHALLA PANEL of company law specialists has made recommendations to the European Commission about a possible future EU takeover directive, which Brussels is to propose this Spring. The revamped legislation will draw on their ideas and follows the rejection by the European Parliament of a six-year-old takeovers proposal last summer.The group had been charged with examining contentious areas attacked by MEP's. Its advice includes:*Setting a level playing field for takeovers across the EU. Here, the experts have said that EU law must insist that the final ...
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