News & Analysis as of

Securities Regulation Voting Rights

Herbert Smith Freehills Kramer

Takeovers Panel drops a suite of new considerations for voting intention statements

In the recent decision in Re Dropsuite Limited [2025] ATP 10, the Takeovers Panel concluded that a voting intention statement given by a substantial shareholder in the usual form was ‘ambiguous’ as to whether that shareholder...more

Mayer Brown

CVM publica regras que alteram ritos de participação e votação a distância em assembleias gerais de acionistas

Mayer Brown on

Essa semana (04/06/2024), a Comissão de Valores Mobiliários (CVM) divulgou a Resolução CVM nº 204, que promove alterações na Resolução CVM nº 81/22 e traz inovações nas regras de participação e votação a distância em...more

Skadden, Arps, Slate, Meagher & Flom LLP

Investment Management Update - February 2024

In this issue, we cover regulatory developments from the fourth quarter of 2023 impacting the investment management sector, including the use of shareholder rights plans as an alternative to state control share statutes....more

Stikeman Elliott LLP

BCSC Provides New Guidance on “Acting Jointly or in Concert” for Proxy Contests

Stikeman Elliott LLP on

In its recent decision in NorthWest Copper Corp., 2023 BCSECCOM 602, the British Columbia Securities Commission (“BCSC”) provided new guidance on the interpretation of “acting jointly or in concert” in the context of a proxy...more

Stikeman Elliott LLP

TSX Formalizes Policy on Voting Agreements

Stikeman Elliott LLP on

The Toronto Stock Exchange (TSX) provides guidance on “Voting Agreements” between a listed issuer and one or more of its security holders. “Positive” Voting Agreements entered into in the context of a transaction requiring...more

Wyrick Robbins Yates & Ponton LLP

What is A Dual-Class Stock Structure and Do I Want It?

What is a Dual-Class Stock Structure? A dual-class stock structure basically means that a company has given disproportionate voting rights to one group of shareholders, typically its founders....more

Skadden, Arps, Slate, Meagher & Flom LLP

Withdrawal of Prior SEC Staff Letter on Control Share Statutes Clears Way for Closed-End Funds

On May 27, 2020, the staff of the Division of Investment Management (Staff) of the Securities and Exchange Commission (SEC) issued a statement regarding the intersection between state control share acquisition statutes...more

Ballard Spahr LLP

SEC Grants No-action Relief Relaxing Captain In-person Board Voting Requirements

Ballard Spahr LLP on

On February 28, 2019, the Division of Investment Management of the Securities and Exchange Commission issued a no-action letter to the Independent Directors Council (IDC) granting no-action relief to certain situations where...more

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