UK: The Companies Act 2006 (Extension of Takeover Panel Provisions) (Isle of Man) Order 2019

This post, UK: The Companies Act 2006 (Extension of Takeover Panel Provisions) (Isle of Man) Order 2019,  by noreply@blogger.com (Robert Goddard), first appeared on  at http://corporatelawandgovernance.blogspot.com/.

The Companies Act 2006 (Extension of Takeover Panel Provisions) (Isle of Man) Order 2019 was made yesterday by Her Majesty in Council and comes into force on exit day: see here or here (pdf).

The Order is being made, the explanatory note accompanying it explains, in response to the UK’s withdrawal from the EU and changes in responsibility for company registration on the Isle of Man. Article 2 of the Order extends Chapter 1 (“The Takeover Panel”) of Part 28 (“Takeovers etc”) of the Companies Act 2006 to the Isle of Man subject to the modification contained in the Schedule. Article 3 revokes the Companies Act 2006 (Extension of Takeover Panel Provisions) (Isle of Man) Order 2008 and the Companies Act 2006 (Extension of Takeover Panel Provisions) (Isle of Man) Order 2009.

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