Corporate law firms could face increasing scrutiny of their M&A fees as part of proposals by the UK Takeover Code Committee to overhaul merger rules and protect target companies from hostile bids. The proposals - published yesterday (21 October) in response to a consultation carried out after Kraft's controversial takeover of Cadbury - include a suggestion that corporates should disclose a breakdown of estimated fees payable to advisers. This would include fees payable to law firms as well as financial advisers, accountants and PR advisers.
October 22, 2010 at 10:49 AM
1 minute read
The original version of this story was published on Legalweek
Corporate law firms could face increasing scrutiny of their M&A fees as part of proposals by the UK Takeover Code Committee to overhaul merger rules and protect target companies from hostile bids.
The proposals – published yesterday (21 October) in response to a consultation carried out after Kraft’s controversial takeover of Cadbury – include a suggestion that corporates should disclose a breakdown of estimated fees payable to advisers.
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