Takeovers Code – Lock-Up Agreements / Shareholders’ Agreements – are the parties ‘associates’?
Introduction In the latest edition of the Takeovers Panel bulletin (Code Word 39) the Panel has signalled a change in stance over the status of Lock-Up Agreements – and whether the entry into such an agreement automatically rendered the parties ‘associates’ for the purposes of the Takeovers Code. As a result of the change of […]