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The independent expert: a new player in takeover bids

December 2007 - Corporate & Commercial. Legal Developments by Bersay & Associés .

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The AMF has recently broadened the scope of scenarios requiring mandatory recourse to an independent expert

Previously limited to squeeze-outs, the expert’s services are now required in the other cases cited by the AMF’s General Rules. These General Rules specify the rules for the appointment as well as the duties of the expert.

Only some of the new provisions of the AMF’s General Rules shall be mentioned below, since this article does not purport to be exhaustive.

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