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Change to companies subject to the UK Takeover Code
20 May 2013
Publication
As of 30 September 2013, all UK, Channel Island and Isle of Man incorporated public companies which have securities admitted to trading on a multilateral trading facility in the UK will be subject to the Code, irrespective of their place of central management...
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Corporate Update: Impact of the Financial Services Act 2012
20 March 2013
Publication
From 1 April 2013 a new financial regulation framework will be operative in the UK. The Financial Services Authority (FSA) is being replaced by the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA), the Bank of England is to have...
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Listing Rules changes implemented on 1 October 2012 and further consultation launched
3 October 2012
Publication
On Monday 1 October 2012 a significant number of changes took effect to the Listing Rules, along with more limited changes to the Prospectus Rules and the Disclosure and Transparency Rules. The changes were announced on Friday 28 September 2012, giving companies...
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Impact of UK Takeover Code Reform: One Year On
18 September 2012
Publication
Significant changes to the UK Takeover Code were introduced by the Panel on 19 September 2011 in an effort to address the perceived tactical imbalance which had arisen between prospective bidders and targets.
One year on, we explore the impact of these changes...
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Our Insights into M&A Trends - Global Dynamics
13 July 2012
Publication
Our latest Global M&A Trends Report highlights current M&A trends and gives our insights on the key drivers and challenges for M&A activity for the reminder of the year.
The M&A decline seen in the latter part of 2011 has continued into the first...
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Wall crossing – Walking the regulatory tightrope
31 May 2012
Publication
Confidential pre-soundings and pre-marketing activities take place in advance of capital raisings, refinancing and other transactions, prior to formal announcements, to gauge interest in, or support for, a particular transaction (and its potential pricing, where...
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Impact of UK Takeover Code Reform - Seven months on
21 May 2012
Publication
Significant changes to the UK Takeover Code were introduced by the Panel on 19 September 2011 in an effort to address the perceived tactical imbalance which had arisen between prospective bidders and targets.
Seven months on, we explore the impact of these changes...
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Our Insights into M&A Trends - Global Dynamics
31 January 2012
Publication
Our Insights into M&A Trends: Global Dynamics – the 2012 edition focuses on M&A activity and key trends impacting global M&A activity in 2011 and contains our insights into the drivers for M&A activity in the coming year.
Global economic uncertainty...
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Market Abuse: European Commission proposes new EU regime
20 October 2011
Publication
The European Commission has now published its formal legislative proposals for a new Market Abuse Regulation (MAR) and a new Market Abuse Directive (MAD2) to replace the 2003 Market Abuse Directive (MAD). The new Regulation seeks to create a single, directly...
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Clifford Chance Guide to Takeovers in the UK
15 September 2011
Publication
Important changes to the UK Takeover Code will take effect on 19 September 2011. The Panel is introducing various measures to address the tactical imbalance which had arisen between prospective bidders and targets in recent years. The measures are likely to have...