first – more deals or harmonised takeover
The increase in public takeovers and take-privates expected
throughout Asia Pacific in 2014 has prompted deal execution
concerns surrounding local squeeze-out rules.
But in a chicken-and-egg situation, it's unlikely that
regulators will change regimes without seeing deals.
Although lawyers have been predicting the rise of public
takeovers in the continent for years, deals might finally
materialise in 2014 as private equity firms must deploy the
Asia-specific funds they have raised.
The region's patchwork of regulations, however, poses
significant execution risks.
An area highlighted to IFLR is the squeeze-out of minority
shareholders in public takeovers. While some jurisdictions
offer a variety of options, others lack provisions entirely.
IFLR viewed an advance copy of a Norton Rose Fulbright overview
of M&A law across the Asia-Pacific, which revealed the
diversity of these regimes across the region.