Events

Law & Business Seminar: Due Diligence in Share Acquisitions


14 June 2017

Registration

Click here to register for this seminar.

Please note: Individual online registrations MUST be paid by Mastercard or VISA. To pay by cheque or arrange a group registration, please email law.events@sydney.edu.au for an invoice. We apologise for any inconvenience.

____________________________________________________________________________________

Due Diligence in Share Acquisitions: Navigating the Insider Trading Regime

Speaker: Associate Professor Umakanth Varottil, National University of Singapore

The seminar will unpack the underlying friction between the need to facilitate due diligence in share acquisition transactions that will place inside information in the acquirer's hands, and ensure that such information is not misused by the acquirer to the detriment of the other shareholders, a matter that insider trading regime regards as sacrosanct. In analysing and seeking to resolve this tension, this seminar draws upon examples from jurisdictions including the United Kingdom, Singapore and India.

The seminar begins with an introduction to the regulatory framework in certain jurisdictions and discuss the policy imperative of "parity of information" that underpins the insider trading regime. The interplay between due diligence and insider trading operates through a bifurcated approach depending upon whether or not the share acquisition results in a takeover offer for the target. Hence, it will explore both issues arising out due diligence resulting in takeover offers, and those arising from transactions that do not involve takeover offers. It will discuss some of the conditions on which due diligence may be allowed in listed companies, including the need for a confidentiality obligation on the part of the acquirer and certain duties on the part of the target and its directors and officers. Finally, it will explore a scenario where the transaction does not proceed after due diligence and the acquirer continues to be in possession of inside information.

The seminar will draw upon thepresenter's paper available here.

About the speaker

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. Prior to his foray into academia, Umakanthwas a partner at a pre-eminent law firm in India. During that time, he was also ranked as a leading corporate/ mergers & acquisitions lawyer in India by the Chambers Global Guide.

Commentator: Matt Egerton-Warburton, Special Counsel, King & Wood Mallesons

Chair: Dr Juliette Overland, The University of Sydney Business School

Registration (GST inclusive)
Full Fee: $77
Sydney Law School Alumni: $66
Sydney Law School Full Time Student: $44
Group 3+: $55

CPD Points: 1

____________________________________________________________________________________

Upcoming Intensive Course

Mergers & Acquisitions in Asia

1, 2 & 8, 9 June

Associate Professor Varottil will evaluate the business rationale for M&A and discuss the various types of transactions and related terminology. The course will include a comparison of M&A in Asia with that in other jurisdictions.

You can apply to study this intensive course with or without assessment.

Click here to apply.

____________________________________________________________________________________


Time: 5.30-6.45pm (registration and light refreshments from 5pm)

Location: CBD Campus, level 16, 133 Castlereagh Street, Sydney (Stockland Building)

Cost: See above

Contact: Professional Learning & Community Engagement

Phone: 02 9351 0429

Email: 1c291f4b2225011c323e370a0805142e1c1f51291a5a0230

More info: http://sydney.edu.au/law/parsons/pdfs/landb_Umakanth_Varottil_140617.pdf