A compulsory acquisition is a process whereby the government or a specified authority can acquire private land or property for public purposes, without the owner's consent. The authority must provide just compensation to the owner for the loss of their property. The procedure for compulsory acquisition is set out in legislation and usually requires the authority to follow a certain process, including giving notice to the owner, making an offer for the property, and applying to the court for an order if the owner does not agree to the offer.
The following is a list of documents that must be used by the bidder in order to acquire the shares of non-consenting shareholders of the target company under the Companies Act 2006, following a successful takeover bid.
England and WalesUse this template
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