No shortcuts to control: The Takeovers Panel slams the door on constitutional drag-alongs
In a landmark decision, the Takeovers Panel has declared for the first time that drag-along and tag-along provisions proposed for insertion into the constitution of an unlisted public company give rise to unacceptable circumstances due to breaches of the Corporations Act 2001 (Cth). The decision sends a clear signal: Chapter 6 cannot be sidestepped through […]
Australia’s FIRB regime overhaul: Major reforms for foreign investors
On 19 May 2026, the Australian Treasurer announced a significant package of reforms to Australia’s foreign investment regime, continuing the Government’s broader push to both streamline lower risk investment pathways and strengthen oversight of transactions considered sensitive or high risk from a national security perspective. The reforms, which build on changes introduced in May 2024, […]