The Staff’s approach in recent transactions represents a shift from historical practice where two operating companies merged and the private target stepped into the shoes of the public company. While ...

A government committee has drafted the definition of ‘shell-company’ to plug a loophole in existing laws that empower enforcement agencies to initiate legal proceedings against such entities. The ...

As multiple agencies and regulators probe suspected use of 'only-on-paper' firms for financial irregularities, the government is looking to put in place a proper definition for 'shell companies' so ...