Robert Ashworth, a legal MA expert at Freshfields Bruckhaus Deringer explains the new takeover code in Hong Kong.
What has been the genesis of the changes to the Hong Kong takeover code
The current amendments to the code were first published by the SFC in 2001 for consultation. The consultation period went through most of 2001and the process has now come to an end. A revised code was introduced on February 1.
Looking at that in isolation would give a misleading impression of the overall scheme. Unlike the Singapore code, which hadn't been significantly changed for several years, the Hong Kong code had been updated every few years, to keep it current with international...
