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CORPORATE LAW: CORPORATE & TAKEOVER LAW eJOURNAL"Control Controversies in Malawian Banking Industry Acquisitions"
BRIAN PHIRI KAMPANJE, Blantyre International University - Accounting and Finance Department, Mergers, Acquisitions and Disposals Journal Business Combination in form of acquisition brings a lot of enthusiasm on the shareholders and the economy. These are however complex transactions governed by statutory provisions, regulator’s guidelines and professional input. This study explored business combination in the Malawian Banking Sector with particular reference to acquisition of Malawi Savings Bank and Indebank Limited and noted that some decisions were made based on Section 6.4 of the Banking Act without further reference to the Financial Services Act which is the superior Act with dire consequences. This study recommends amendment of the Banking Act and Financial Services Act in view of the consequences of enacting Companies Act 2013. "Goodwill recognition in Malawian Banking Industry – Fair Value Based Approach"
BRIAN PHIRI KAMPANJE, Blantyre International University - Accounting and Finance Department, Mergers, Acquisitions and Disposals Journal Very often than not, business acquisition results in recognition of goodwill as the consideration paid to gain control of the acquiree is higher than the fair value of the net assets acquired to compensate for synergies which acquirer benefits from the business combination. Negative goodwill is a rare phenomenon and must be justified and so is impairment of goodwill which requires proper disclosures. The results of this study indicate that auditors failed to make proper pronouncements for incorrect recognition of full impairment loss on goodwill, negative goodwill and adoption of full goodwill which includes non-controlling interest in the business acquisition transaction. There is need for regulators to look into the results of this study and make necessary directives on recognition of goodwill to comply with appropriate International Financial Reporting Standards (IFRSs) embedded in 2013 Malawi Companies Act. "Delaware’s Copycat: Can Delaware Corporate Law Be Emulated?"
IDO BAUM, Haim Striks Faculty of Law - College of Management, Peking University School of Transnational Law Delaware’s famous corporate law and its highly r | ||||||||
