Podcast Location:
Download it here [file size: 24.1 MB]
Categories:
Corporate & Commercial Law
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This two part CPDcast series aims to provide an overview of the rules and issues surrounding Takeover Bids for International AIM Companies. Part one looks at the application of the Takeover Code and the key protections that are lost if the code does not apply.

Outcomes:
After completing the course you will:
  • Know whether the UK Takeover Code applies in this context;
  • Understand why the jurisdiction of the UK Takeover Panel is important;
  • Understand what the 'central management and control test' is;
  • Know why the location of third parties is important;
  • Appreciate the large number of international companies on AIM;
  • Understand that key protections will be lost if the code does not apply;
  • Know what orphan companies are and how they are protected.
Level:
Intermediate Difficulty: 3 of 5
Classification:
Practical Guide
Sources and References:
  • The Takeover Code.

In this two part CPDcast series, Giles Distin, a Partner at Hammonds, examines takeover bids for International AIM Companies.

In this part he looks at when the UK Takeover Code applies and why the jurisdiction of the code is of importance. He discusses the central management and control test, the numbers of international companies on AIM and the protections that will be lost when the code does not apply. Finally he starts analysing orphan companies.

In part 2, he continues looking at orphan companies and the articles that such a company have. He then examines how an agreement for non- code offers is implemented and finally what the future holds for this area of law.

Podcast last reviewed: 2011-06-27

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