Lascelles, de Mercado & Company Limited v Financial Services Commission and Black Sand Acquisition Inc.

Securities Act and Securities Take-Overs and Mergers) Regulations, 1999-Rules of the Jamaica Stock Exchange-Whether right of appeal or judicial review-Nature of section 25 proceedings-Take-over bid circular-Duty to treat with same standard of care as prospectus-Whether satisfactory proof that offeror able or will be able to implement the offer in full-Tom regulations 24, 16(1)(g), 14(3)-Duties of parties to takeover to prevent false market in shares-Whether bona fide offer-Whether issue of dissatisfaction by directors of offeree board to be dealt with in directors' circular