Market Feedback Gives Takeovers Panel A Positive Report

Article by Rodd Levy, Robert Feiner and Sheena Loi

A recent independent market survey of the Takeovers Panel’s role and performance in its first six years of operation has found that a majority of stakeholders consider that the Panel is an effective vehicle for resolving takeover disputes.

The Panel commissioned Chant Link & Associates to conduct the market research with a range of stakeholders in the takeovers markets. Stakeholders surveyed included lawyers, fund managers, investment bankers, regulators and other parties participating in the Panel’s processes.

The survey focused on whether the Panel was achieving its original objectives. These objectives were to reduce tactical litigation in takeovers, reduce the costs of takeovers and to support the purposes of the takeovers legislation—the Eggleston principles.