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Summary of
Takeovers Panel
Bohan Mao 43589197

The Takeovers Panel is set up under the ASIC Act. It is a peer review body that regulates corporate control transactions in widely held Australian entities, primarily by the efficient, effective and speedy resolution of takeover disputes during the bid period. The Panel members (who make the decisions on applications) are specialists in mergers and acquisitions; either as investment bankers, lawyers, company directors or other professionals. They are all government appointments under the ASIC Act. Applications to the Panel may be made by bidders, targets, ASIC or any other affected party. The Takeovers Panel has three main powers: to declare circumstances in relation to a takeover, or to the control of an Australian company, to be unacceptable circumstances; to protect the rights of persons (especially target company shareholders) during a takeover bid and to ensure that a takeover bid proceeds (as far as possible) in a way that it would have proceeded if the unacceptable circumstances had not occurred; various review powers. There is no exact definition of unacceptable circumstances. The Panel is directed to use section 602 and the public interest as reference points to determine when circumstances are unacceptable. Circumstances may be unacceptable due to inadvertence, and despite the best of intentions. The Panel's power to make a declaration of unacceptable circumstances is very wild. The Takeovers Panel may make a declaration of unacceptable circumstances even if it considers that the effect of the conduct complained of is only ‘likely’ to be unacceptable. Once a declaration has been made, the Takeovers Panel may be entitled to make an order under s657D, for example to protect the rights or interests of an affected party. But note that this order is not same as the order made by the court. The case Australian Pipeline Limited v Alinta Ltd(2007) gave us some discussions about the judicial power of the Takeovers Panel. In this case, the Full Federal Court held that as the Takeovers Panel

Supervision Summary

the comment to his supervision note commenting this, was not an insult. In addition, Michael also had a conflict with the supervision summary dated on 04/11/2017 about him not offering dose increases.…

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Summary And Response

Summary & Response: Watching TV Makes you Smarter In the late 1900s, the branching of television's arised in our American homes. At least ninety eight percent of the United States homes had at least one set of television. Since then, many dispute whether or not watching television has a negative or positive impact in our life. “Watching TV makes you smarter” written by Steven Johnson provides various ideas about the intake of the television. The article begins with a gruesome episode of Fox’s…

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Anabaptism Summary

Weaver, J. Denny. BECOMING ANABAPTIST: The Origin and Significance of Sixteenth-Century Anabaptism. 2nd Edition Kindle Edition. Scottsboro, PA: Herald Press, 2012. In this second edition of his seminal work Dr. J. Denny Weaver claims Anabaptism has earned the right to be called the believers church. He defines this through an emphasis on the "voluntary character" exhibited by the faith. This is explained as the membership choosing to join as adults opposed to being born into kinship with one…

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The Outsider: Summary

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Summary Of Tangerine

Tangerine Summary Part III By: Amy In part three pauls mom had to go to the school for a meeting so paul waited for Erik at football practice. Paul didn't want Erik and Arthur to see him so he hid under the bleachers, then Luis Cruz showed up, he wanted revenge because they had slapped his brother Tino in the face. Instead of a clean fight Arthur pulled out a blackjack and hit Luis on the head with it. Later Luis was found dead because of the hit. A couple weeks later they had a ceremony…

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Summary Of The Experience

Reflection Paper Noel Shoup Phoenix College Summary of the Experience My friend Jan and I decided to go to a café in Beverly Hills to explore different cars used by celebrities. The two of us were wondering why celebrities use expensive cars and is this need just with local celebrities or with all celebrities around the globe. As we walked we chatted till we got to a café and decided to grab a bite to eat with chairs just across from each other. My friend seemed intoxicated by the different…

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Income summary Essay

Within this essay, I will be explaining on how and why we use one of the statements; which is income summary. I will also be describing if the account is a temporary or permanent account. The following is the definition of income summary; it’s a temporary account into which revenues and expenses are transferred prior to their final transfer into the capital account. The income statement is a summary of a business expenses and revenues during a specific period of time; usually it can be quarterly…

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Identity Theft Summary

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A Summary Of Squanto

God was really a figure that everyone looked to. Many people probably were not worshiping other gods in the olden days because: But if our hearts shall turn away so that we will not obey, but shall be seduced and worship other Gods our pleasures, and profits, and serve them, it is propounded unto us this day, we shall surely perish out of the good Land whether we pass over this vast Sea to possess it (City upon a hill). It was also pointed out to me in On the Mayflower when they were saying: “What…

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Opprenheimer Summary

Opprenheimer explains how in the past few centuries there has been some emphasize on children learning do things such as play an instrument or dance. He claims that most of the children are taking classes such as violin and ballet because the parents believe will teach them lifelong skills and etiquette. Opprenheimer also explains how these activities that parents want their children to know is not the only way the child can learn those skills. He claims that, “The classes are not a bad thing. Studying…

Words 374 - Pages 2