Comparative Takeover Regulation Global and Asian Perspectives

While Western economies generally display dispersed shareholding in listed companies, Asian economies commonly have concentrated shareholding also in publicly listed companies. The principal analysis in Comparative Takeover Regulation relates to the role of takeover regulation in different economies. In the Asian context, the nature of takeover regulation may necessitate a different approach, with greater emphasis on the mandatory bids and disclosure of substantial shareholding. The likelihood of hostile takeovers will be minimal. It is these differences among various jurisdictions that strike at the heart of Varottil and Wan's new work. Ideal for educational institutions that teach corporate law, corporate governance, and mergers and acquisitions, as well as for law firms, corporate counsel and other practitioners, Comparative Takeover Regulation provides students and scholars with brand new analysis of this increasingly important field of study.

Part I. Theoretical and Empirical Understanding of Takeover Regulation: 1. Comparative takeover regulation: the background to connecting Asia and the West Umakanth Varottil and Wai Yee Wan; 2. Deal structure and minority shareholders Afra Afsharipour; 3. The transactional scope of takeover law in comparative perspective Paul Davies; 4. A comparative analysis of the regulation of squeeze outs and going private transactions Vikramaditya Khanna; 5. Assessing the performance of takeover panels: a comparative study Emma Armson; 6. The biases of an 'unbiased' optional takeovers regime: the mandatory bid threshold as a reverse drawbridge Johannes W. Fedderke and Marco Ventoruzzo; Part II. Asian Jurisdictions: 7. Takeover regulation in China: striking a balance between takeover contestability and shareholder protection Robin Hui Huang and Juan Chen; 8. The enigma of hostile takeovers in Japan: bidder beware Dan W. Puchniak and Masafumi Nakahigashi; 9. M&As in Korea: continuing concern for minority shareholders Hyeok-Joon Rho; 10. Takeover laws and practices in Taiwan: recent developments and future prospects Claire Te-fang Chu; 11. The nature of the market for corporate control in India Umakanth Varottil; 12. Evolutionary development in Hong Kong of transplanted UK-origin takeover rules David C. Donald; 13. Legal transplantation of UK-style takeover regulation in Singapore Wai Yee Wan; 14. The regulation of takeovers and mergers in Malaysia Mushera Ambaras Khan; 15. Concluding observations and the future of comparative takeover regulation Umakanth Varottil and Wai Yee Wan.

Umakanth Varottil is an Associate Professor at the Faculty of Law, National University of Singapore. He specializes in corporate law and governance, mergers and acquisitions, and cross-border investments. While his work is generally comparative in nature, he focuses particularly on India and Singapore. He has co-authored two books on Singapore law and practice, published articles in international journals and founded the Indian Corporate Law personal website. Prior to his foray into academia, Umakanth was a partner at a pre-eminent law firm in India.
Wai Yee Wan is Associate Professor of Law at Singapore Management University. Immediately prior to joining academia, she was a partner at a local law firm, where she practiced in the areas of mergers and acquisitions as well as equity capital markets. Her main areas of research are in mergers and acquisitions, corporate law and securities regulation. She has published widely in journals, including the Journal of Corporate Law Studies, the Journal of Business Law, Company and Securities Law Journal and Lloyds' Maritime and Commercial Law Quarterly. She has co-authored Mergers and Acquisitions in Singapore: Law and Practice (with Umakanth Varottil, 2013).