The Irish Takeover Panel Act 1997 establishes the Irish Takeover Panel as the principal authority governing takeovers and mergers of Irish-listed companies. This Act is pivotal in ensuring that all shareholders receive equitable treatment, fostering a transparent environment in which transactions can occur, while upholding high standards of conduct during takeover bids.

By providing a comprehensive regulatory framework, the Act aims to minimise conflicts of interest and enhance the integrity of the takeover process. It sets out clear procedures for parties involved in takeovers, ensuring orderly conduct and transparent communication throughout, thereby contributing to a fair marketplace for all shareholders.