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International Law
: Australian Regulatory Compliance ReviewASIC regulatory guide on schemes of arrangement
ASIC has released an updated Regulatory Guide 60 Schemes of arrangement (RG 60) and Consultation Paper 127 Schemes of arrangement: Statements under s411(17)(b) (CP 127).
Amongst other things ASIC is considering what future guidance might be provided regarding schemes which result in a reverse takeover if consideration for the members of the company proposing the scheme (the target company) is shares in the offeror company, and the scheme results in a change in control of the offeror company or has a material effect on control of the offeror company.
Full post as published by Australian Regulatory Compliance Review on December 13, 2009 (boomark / email).

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