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Legal Update

New rights for pension scheme trustees under the Takeover Code

23 April 2013
Mayer Brown Legal Update
On 20 May 2013 changes will be made to the Takeover Code relating to pension scheme trustees. Broadly, the changes will have the effect of extending to the trustees of the target’s pension scheme(s) the provisions introduced to the Code in September 2011 relating to employee representatives. We have looked at the new rules and considered how some of them differ from those initially put forward in July 2012.
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