Reconciling National Security Review with Takeover Regulation in the Global M&A Market

In recent times, there has been an unprecedented surge in national security review (NSR) measures, with host jurisdictions implementing restrictions on foreign investments and intensifying national security scrutiny, especially in the context of cross-border takeover transactions within sensitive sectors. This paper argues that this evolving landscape disrupts conventional takeover regulation in a manner that impedes…

The Transactional Scope of Takeover Law in Comparative Perspective

  Download This PaperOpen PDF in Browser| Share | Email | Add to MyBriefcase | Purchase Bound Hard Copy The Transactional Scope of Takeover Law in Comparative Perspective Paul L. Davies University of Oxford- Faculty of Law March 17, 2016 European Corporate Governance Institute (ECGI) – Law Working Paper No. 313/2016  Abstract:  The core activity regulated by takeover codes is the voluntary offer by…

Takeover Litigation in 2015

  Download This PaperOpen PDF in Browser| Share | Email | Add to MyBriefcase Takeover Litigation in 2015 Matthew D. Cain U.S. Securities and Exchange Commission Steven Davidoff Solomon University of California, Berkeley – School of Law; University of California, Berkeley – Berkeley Center for Law, Business and the Economy January 14, 2016 Abstract:  This report provides preliminary statistics for takeover…

The CSRC Encourages Mergers and Acquisitions, Restructurings, Cash Dividends and Share Repurchase by Listed Companies (《关于鼓励上市公司兼并重组、现金分红及回购股份的通知》)

On 31 August 2015, the China Securities Regulatory Commission (CSRC), in conjunction with the Ministry of Finance (MoF), the State-Owned Assets Supervision and Administration Commission (SASAC) and the China Banking Regulatory Commission (CBRC), releases a Circular on Encouraging Mergers and Acquisitions, Restructurings, Cash Dividends and Share Repurchase by Listed Companies (《关于鼓励上市公司兼并重组、现金分红及回购股份的通知》, 证监发[2015]61号)   The Aims The Circular…

A Comparative Analysis of Hostile Takeover Regimes in the US, UK and Japan (with Implications for Emerging Markets)

A Comparative Analysis of Hostile Takeover Regimes in the US, UK and Japan (with Implications for Emerging Markets) John Armour University of Oxford – Faculty of Law ; University of Oxford – Said Business School ; European Corporate Governance Institute (ECGI)   Jack B. Jacobs Government of the State of Delaware – Court of Chancery…

Who Writes the Rules for Hostile Takeovers, and Why? The Peculiar Divergence of US and UK Takeover Regulation

Who Writes the Rules for Hostile Takeovers, and Why? The Peculiar Divergence of US and UK Takeover Regulation John Armour University of Oxford – Faculty of Law ; University of Oxford – Said Business School ; European Corporate Governance Institute (ECGI)   David A. Skeel Jr. University of Pennsylvania Law School ; European Corporate Governance…