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ARTICLE · 09 JUNE 2022

Irish Takeover Panel Publishes Proposed New Takeover Rules

In December 2021, the Irish Takeover Panel (the "Panel") released a public consultation paper seeking comments on proposed amendments to the...

IrelandCorporate/Commercial Law

In December 2021, the Irish Takeover Panel (the "Panel") released a public consultation paper seeking comments on proposed amendments to the Irish Takeover Panel Act 1997, Takeover Rules 2013 (the "Rules") and the Substantial Acquisition Rules 2007 (the "SARs"). The Panel indicated that the primary purpose of the proposed amendments to the Rules and SARs was to update them to take account of developments in takeover practice and changes in relevant legislation that have occurred since the Rules and SARs were published. The consultation closed on 28 February 2022.

On 20 May 2022, the Panel published a response statement together with draft new Takeover Rules which the Panel is proposing to adopt. The Panel has indicated that the new Rules will be published in due course.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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