ABSTRACT

Chapter 5, section 1 Where, based on information originating from a party who intends to launch a takeover bid in respect of the shares in the company, the board of directors or the managing director of such a company as referred to in Chapter 3, section 1, second paragraph has a wellfounded reason to believe that such a bid is imminent or that such a bid has been launched, the company shall be entitled to take measures which are likely to impair the conditions for the launching or implementation of the bid only following a resolution adopted by the general meeting.