Lessons from the Takeovers Panel decision in Austock Group Limited *

Australia - September 7 2012
The recent August 2012 Takeovers Panel decision in Austock Group Limited (for whom Baker & McKenzie were acting) has significant implications for prospective bidders, particularly in relation to bid funding. 

Co-authors: Rick Troiano .

Lessons to be learned from the James Hardie decisions *

Australia - May 4 2012
In two related decisions, the High Court of Australia (High Court) has reaffirmed the strict approach taken by the courts to misleading market disclosures. 

Co-authors: James Halliday, Elizabeth Huckerby, Georgie Farrant, Kate Jefferson.

Proposed amendments to ASX listing rules to help resources companies *

Australia - April 20 2012
On 2 April 2012, the ASX released, "Strengthening Australia's equity capital markets: ASX proposals and consultation", in which it set out a number of proposals designed to: 1.facilitate greater capital raising for mid to small caps; and 2.revise the ASX's admission requirements.

Co-authors: Ashley Poke, Frank Castiglia, Guy Sanderson.

Purchases of greater than 20% stakes by way of ASIC approved tender offer *

Australia - February 10 2012
The rarely used ASIC tender offer process provides a useful mechanism for the purchase of a stake of greater than 20% outside the traditional takeover mechanisms. 

Co-authors: Rick Troiano .