New Zealand Law Society - Takeovers Panel updates two guidelines

Takeovers Panel updates two guidelines

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The Takeovers Panel says it has updated its Administrative Guidelines to the Takeovers (Fees) Regulations 2001.

The regulations relate to the fees and charges which are payable for work carried out by the Panel.

The information in the guidelines covers application fees, section 32 meeting fees, hourly charge-out rates, and out-of-pocket expenses.

Information is also provided on arranging for estimates and responsibility for paying the Panel's invoices.

The Takeovers Panel has also updated its Guidance Note: Schemes of Arrangement and Amalgamations under Part 15 of the Companies Act 1993.

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