CodeWord Issue 58 - October 2025

In this issue

Updates to Guidance Notes

Introduction
Following recent transactions, the Panel has updated the following Guidance Notes:

Defensive Tactics;
Offer Documents and Variations; an…

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The Panel's approach to cost disputes

In November 2024, Vital Limited (Vital) sought a reimbursement determination under section 49(2)(b) of the Takeovers Act 1993 in respect expenses incu…

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The Panel’s law reform recommendations on the civil enforcement regime

In February 2025, the Panel consulted on potential law reform proposals in relation to the Court-ordered enforcement measures that may apply in respon…

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