On 27 July, the Spanish Government approved a new regime for public tender offers, enacted by Royal Decree 1066/2007. These new rules - implementing European Directive 2004/25 on tender offers - apply to all tender offers authorised by the Spanish authorities after 13 August this year.
September 26, 2007 at 08:05 PM
1 minute read
The original version of this story was published on Legalweek
On 27 July, the Spanish Government approved a new regime for public tender offers, enacted by Royal Decree 1066/2007. These new rules – implementing European Directive 2004/25 on tender offers – apply to all tender offers authorised by the Spanish authorities after 13 August this year.
The decree introduces a number of substantive changes and improvements, incorporating into the Spanish system new concepts which were previously staunchly resisted by the legal system.
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