Dual-listed companies (DLC) may have been around for nearly a century, but following the recent deal involving P&O Princess Cruises and Royal Caribbean Cruises, in which Carnival Corporation has intervened, they have come under more scrutiny than ever before.
On 11 March, the Takeover Panel’s code committee (at the request of the panel Executive) stated that it had come to a preliminary view that the City Code should now apply to the creation of DLCs.
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