Guidance|Published Apr 7, 2026
Introduction
The purpose of this Guidance Note is to assist those who are approved as independent advisers by the Panel to prepare a report under any of rules 18, 21, 22, or 57 of the Takeovers Code…
Guidance|Published Apr 7, 2026
The Panel’s exemption power
This Guidance Note provides information about the Panel’s exemption power and provides guidance as to when exemptions might be granted. A number of examples have been…
Guidance|Published Apr 7, 2026
Introduction
An upstream acquisition is a transaction (whether in New Zealand or overseas) that may indirectly affect control of a Code company.[1] Where an upstream company (an Upstream Company…
Guidance|Published Apr 7, 2026
Introduction
This Guidance Note sets out the Panel’s approach to control and association, which are key concepts for the operation of the Takeovers Code (the Code), including from an anti-avoidance…