ASIC updates Schemes of Arrangement guide

ASIC has released an updated Regulatory Guide 60 Schemes of arrangement (RG 60) and a report on the key issues that arose out of its consultation with industry. ASIC's updated RG 60 provides that: ASIC will consider any objections to a scheme, in determining whether ASIC will give its typical 'no intentions' statement under section 411(17)(b) Corporations Act to the court in relation to the scheme; ASIC will closely consider schemes that offer collateral benefits and/or unequal consideration; and ASIC will examine schemes that result in a reverse takeover on a case-by-case basis.

Read more detail on Recent Banking and Finance Law Posts –

Legal notice about the ASIC updates Schemes of Arrangement guide rubric : Hukuki Net Legal News is not responsible for the privacy statements or other content from Web sites outside of the site. Please refer the progenitor link to check the legal entity of this resource hereinabove.

Do you need High Quality Legal documents or forms related to ASIC updates Schemes of Arrangement guide?

This entry was posted in Banking and Finance law and tagged , , , , . Bookmark the permalink.

Leave a Reply