Takeover Directive: draft interim regulations

On 31 March 2006 the DTI published a draft of the Takeovers Directive (Interim Implementation) Regulations 2006, as outlined in their guidance note (for further detail, see PLC Legal update, Takeover Directive: interim implementation). As previously announced, it is proposed that the regulations will come into force on 20 May 2006 pending Parliamentary consideration of the provisions in the Company Law Reform Bill implementing the Directive (see further PLC Legal update, Company Law Reform: publication of Bill).

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