What are the thresholds for disclosing bids and offers?
There have been no recent changes in competition policy and legislation as they relate to M&A in Taiwan. The latest amendments to the FTA were made in 2002 pursuant to which the requirement for a pre-combination approval was changed to a prior notification system. Under the prior notification system, the parties to a combination transaction meeting any of the thresholds are required to make a notification with the FTC before closing the combination transaction. If the FTC does not object to the combination transaction after 30 days (may be extended to 60 days) from the filing date (assuming that no additional inquiries are raised by the FTC after the filing), the parties to the combination transaction are free to proceed.
