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Frustrating actions
  • Norton Rose Fulbright
  • Thailand
  • April 9 2009

The Capital Markets Supervision Board of the Securities and Exchange Commission of Thailand (SEC) issued a new notification (Regulation) under the Securities and Exchange Act B.E. 2535 (1992) (SEC Act) which introduced provisions into the Thai Takeover Code restricting actions by a target company aimed at frustrating a takeover bid, i.e., anti-takeover or frustrating actions.

Somboon Kitiyansub
  • Norton Rose Fulbright