E.C. Troubled By Takeover Law Loopholes

Law360, New York (February 27, 2007, 12:00 AM EST) -- A clause in the recent European Commission directive on takeover bids that allows member states to opt out of certain provisions may actually cause more problems than it solves, according to a report released Monday.

With the directive, the E.C. hopes to encourage takeovers and corporate restructuring by creating a favorable regulatory environment for mergers and acquisitions.

“The aim of the Commission’s proposal was to help exploit such benefits at European level and promote integrate of European capital markets by creating favourable conditions for the emergency...
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