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Takeovers Panel reminds parties of their confidentiality obligations

by Hilary Kincaid 31. August 2010 17:25

The Takeovers Panel has published a reminder today to prospective parties of their obligations of confidentiality and not canvassing media under s 201A of the Australian Securities and Investments Commission Act: 

The Panel expects that parties will instruct each of their directors, officers and advisers to comply with the undertakings.  The Panel also expects that parties will not attempt to avoid the undertakings by talking to the media about closely related issues to those in the proceedings  or by briefing the media prior to lodging a Notice of Appearance. [see Just Group Limited [2008] ATP 22 at [32]]

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Takeovers and Reconstructions


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