Regulatory Alerts2007-04-01
Law of 1 April 2007 on Takeover Bids
The Belgian legislature enacted this law to transpose European Union directives governing takeover bids and financial markets. It establishes comprehensive definitions, scope, and procedural rules for both voluntary and mandatory bids, including the obligation to launch a bid upon acquiring more than 30% of voting securities. The legislation empowers the King to issue implementing measures under the supervision of the Financial Services and Markets Authority to ensure equal treatment of shareholders and market integrity.
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