CodeWord Issue 42 - October 2016

In this issue

A farewell to David Jones

On 30 September 2016, long-time Panel member David Jones stood down as Chairman of the Panel. The Panel would like to recognise David for his years of...

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Interest Classes in Schemes of Arrangement

IntroductionSchemes of arrangement under Part 15 of the Companies Act 1993 (“schemes”) are statutory Court-approved procedures that allow for the reor...

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Disaggregation of holding or control

IntroductionThe fundamental rule of the Takeovers Code, rule 6, prohibits a person who holds or controls less than 20% of the voting rights in a Code ...

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New timing rules calculator – watch this space!

Interpreting and applying the Code’s timing rules can be difficult. The Panel’s Guidance Note on Timing Rules in the Code is recognised as a useful re...

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Appointments to the Panel

The Panel welcomes the appointment of Silvana Schenone to the Panel from October 2016. Silvana is a corporate and commercial Partner at Minter Ellison...

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MOU with the FMA

In August 2016, the Panel entered into a Memorandum of Understanding for information sharing and regulatory co-operation with the FMA. A copy of the M...

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