Takeover Law and COVID-19 Part 2 – The Role of Independent Directors

Takeover Law and COVID-19

INTRODUCTION Takeovers and in particular, public takeovers must at all times be conducted with certainty and transparency in that once an Offeror issues an announcement of intent to acquire a public or listed entity he is bound and cannot simply walk away from the...
Appraisal rights and protection of minority shareholders

Appraisal rights and protection of minority shareholders

The purpose of this article is to briefly introduce a discussion around appraisal rights, their history and background, how they find application under our Companies Act 71 of 2008 (the Companies Act) and the impact they have had so far in our company law regime as...
Business Rescue Regime under the Companies Act, 2008

Business Rescue Regime under the Companies Act, 2008

The Companies Act, 2008 (“the Act”) came into force during May 2011 and it brought with it some interesting new provisions designed to put South African Corporate law at the cutting edge and on par with other developed countries. One of the new innovations under the...
Merger and takeover law – Impact on private companies

Merger and takeover law – Impact on private companies

This is a follow-up to the article ‘Mergers and takeovers under the new Companies Act’ (2011 (Sept) DR 30) where I discussed the fact that South African mergers and acquisitions are experiencing a paradigm shift following the enactment and implementation of the new...