C6C3C4C2Part 28Takeovers etc

Annotations:

C1C3C5 Chapter 1The Takeover Panel

Annotations:
Modifications etc. (not altering text)
C1

Pt. 28 Ch. 1 extended (Isle of Man) (with modifications) (1.3.2009) by The Companies Act 2006 (Extension of Takeover Panel Provisions) (Isle of Man) Order 2008 (S.I. 2008/3122), art. 2, Sch.

Contravention of rules etc

956No action for breach of statutory duty etc

1

Contravention of a rule-based requirement or a disclosure requirement does not give rise to any right of action for breach of statutory duty.

2

Contravention of a rule-based requirement does not make any transaction void or unenforceable or (subject to any provision made by rules) affect the validity of any other thing.

3

In this section—

a

contravention” includes failure to comply;

b

disclosure requirement” and “rule-based requirement” have the same meaning as in section 955.