Who needs 'truth in takeovers'?

8 May 2012


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Keynote Speaker: Ronald C. Barusch

Commentator: David Friedlander

Chair: Professor John Stumbles


Who needs 'truth in takeovers'?

This event is part of the Ross Parsons Centre of Commercial, Corporate & Taxation Law 2012 Corporate Law Series.

About the seminar:

From the country that brought you poison pills, staggered boards and supervoting stock and all but encourages frustrating actions to defeat bidders in fighting hostile takeovers, the U.S. goes a very different, bidder-friendly, direction on 'truth in takeovers' types of issues. Although lying in U.S. tender offers is frowned upon even in the U.S., the tender offer rules adopted by the U.S. SEC set up a different dynamic. It intentionally leaves targets and shareholders having to make decisions when they are still guessing about whether the bidder has more in its pocket with which to bid.

Ronald C Barusch will discuss a U.S. perspective on ASIC's 'truth in takeovers' Policy and David Friedlander will provide an Australian perspective.

Come along to hear analysis of an area where Australia and U.S. practice are at opposite ends of the spectrum.

Keynote speaker:

Ronald C. Barusch previously a mergers and acquisitions lawyer with Skadden, Arps, Slate, Meagher & Flom LLP for over 30 years. Ron retired in 2010 after 25 years as a partner at the firm, including three years as office leader of Skadden's Sydney office. He is currently a visiting lecturer at Sydney Law School teaching 'Cross Border Deals - A U.S. Perspective'.

Ron also writes 'Dealpolitik' for The Wall Street Journal's Deal Journal providing a strategic look at deals currently making the headlines as well as the major forces at work in the deal-making world.


David Friedlander is a mergers and acquisitions and securities lawyer in the Sydney office of King & Wood Mallesons. He is consistently ranked as one of Australia's top mergers and acquisitions and equity capital markets lawyers. David regularly acts for both bidders and targets in takeovers and issuers and underwriters in securities offerings. David is integral to the firm's growth in Asia Pacific spending time working closely with our Hong Kong and China teams and is a member of the Board of the firm.

David holds a Bachelor of Commerce and Law degrees from the University of New South Wales and a Master of Laws degree from the University of Sydney. He is a member of the Australian Takeovers Panel, the ASX Capital Markets Panel and its Disciplinary Tribunal, the Australian Law Council's Corporations Committee and of the Legal Committee of the Australian Institute of Company Directors and a director of the Public Education Foundation

Chair: Professor John Stumbles


Registration costs:
Full fee: $77 inc GST
Sydney Law School alumni: $66 inc GST
F/T student: $44 inc GST
Special rate applies for 3 or more registrations from one organisation: $55 inc GST

Lawyers/barristers: attendance at this seminar is equal to 1.25 MCLE/CPD unit

Time: Registrations and refreshments from 5.30-6pm. Seminar: 6-7.15pm

Location: Faculty Common Room, Level 4 Sydney Law School, Building F10, Eastern Avenue, University of Sydney

Cost: See registration details above.

Contact: Events Co-ordinator

Phone: (02) 9351 0323

Email: 03050f685427233e2c231922493c071f1d162c5102773b32