- Podcast Location:
- Download it here [file size: 23.2 MB]
- Law Categories:
-
Company Law
- CPD Points:
- One Point - details »
Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors and Barristers...
Regulated by the Solicitors Regulation Authority:
Listen and pass the test: Gain 1 accredited CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)
Regulated by the Bar Standards Board:
Listen and pass the test, gain ½ an accredited CPD point (30 minutes)
Listen only, gain ½ a CPD point (30 minutes)
- Cost:
- Standard rate: £25 - Corporate users will pay less.
- Length:
- 30 minutes of audio
(+ optional 5 minute accreditation test) - Streaming Audio:
- Yes Downloadable as MP3: Yes
- Contributor(s):
- Course Aims:
-
The aim of this podcast is to provide listeners with an understanding of the key issues arising in the context of takeovers implemented by schemes of arrangement. The podcast will inform listeners of the advantages and disadvantages in proceeding with a scheme of arrangement and not a general offer; what issues arising in relation to inducement fee agreements and how to deal with them, what issues arise in the context of irrevocable undertakings and how the Court deals with them, how the court deals with objectors to a scheme of arrangement and how the existence of a pension fund deficit may impact on a proposed scheme of arrangement.
- Outcomes:
- After completing the course you will:
- Have learnt the key issues arising in the context of takeovers;
- Have learnt the advantages and disadvantages in proceeding with a scheme of arrangement and not a general offer;
- Have learnt the issues facing directors of a target in a competitive bid situation;
- Have learnt what issues arising in relation to inducement fee agreements and how to deal with them;
- Have learnt which issues arise in the context of irrevocable undertakings and how the Court deals with them;
- Have learnt how the court deals with objectors to a scheme of arrangement;
- Have learnt how the existence of a pension fund deficit may impact on a proposed scheme of arrangement.
- Accredited CPD Time:
- 30 minutes
- Level:
- Intermediate
- Sources and References:
-
- To be added soon.
In this CPD podcast, Andrew Thornton of Erskine Chambers and Sara Watson of Ashurst consider a number of specific issues arising in relation to takeover schemes of arrangement. This legal podcast examines the advantages and disadvantages of implementing a takeover by way of scheme of arrangement compared to a general offer, looks at the issues raised where bidders obtain irrevocable undertakings and letter of support from shareholders in the target, and considers the approach of the court when objections are raised to a scheme. The podcast considers the circumstances in which the interests of the target's pension fund need to be taken into account and the impact of the financial assistance restrictions of inducement fee arrangements. The impact of the recent Companies Court Practice Direction on the procedure to be adopted on a scheme of arrangement is also examined as are the duties of a target's directors in the face of competing bids. This podcast is suitable for corporate solicitors and barristers alike.