E.U. Takeover Rules May Get Makeover

Law360, New York (February 1, 2007, 12:00 AM EST) -- Less than a year after the European Union ushered in new laws governing cross-border mergers, Internal Market Commissioner Charlie McCreevy has said the regulations may need to be revamped.

Under the current rules, which have been watered down by national governments in a bid to roadblock cross-border takeovers, the E.U.'s 27 member states have the option to allow various types of corporate defenses.

But the rules, which went into effect last May, are “not very useful” and represent a step “backwards,” Dow Jones reported, citing McCreevy’s...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.