Subject to the following exemptions, the proceedings of the Takeover Board are governed by the provisions of the Federal Act of 20 December 19681on Administrative Procedure.
In proceedings with regard to public takeover offers, the following have party status:
the offeror;
the persons who act in concert with the offeror; and
the target company.
Shareholders holding at least 3% of the voting rights of the target company, whether exercisable or not, also qualify as parties if they claim such status from the Takeover Board.
The statutory provisions on legal holidays do not apply to proceedings of the Takeover Board regarding public takeover offers.
The submission of legal documents by fax or by electronic means is permitted in correspondence with the Takeover Board and is recognised with regard to compliance with time limits.