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29 March 2021 / article

Legal Flash – statutory cooling-off period will enter into force on 1 May 2021

On 1 May the bill that introduces a statutory cooling-off period for the boards of listed companies will enter into force.

The purpose is to give the board of a listed company more time and space to weigh the interests of the company and its stakeholders in the event of an unsolicited takeover or bid or other pressure being put on the board to change the course of the company.

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