ADRs for sale!

Autor: De Verneuil, Vanina, Nishiyama, Kumiko, Seem, Alan, Ikeda, Masahisa, Ozawa, Joji
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Zdroj: International Financial Law Review; Jan2009, Vol. 28 Issue 1, p34-37, 4p
Abstrakt: The article focuses on how a foreign private issuer can protect itself from becoming a target of alternative dispute resolution (ADR) due to the changes in the U.S. Rule 12g3-2(b) securities regulation. The U.S. Securities and Exchange Commission (SEC) adopted amendments to Rule 12g3-2(b), promulgated under the U.S. Securities Exchange Act of 1934, with the intention to improve the trading liquidity of non-U.S. companies and make it easier for U.S. investors to gain access to a foreign private issuer's non-U.S. disclosure documents. It informs that under the foreign listing condition, the foreign private issuer must maintain a listing of equity securities on one or more non-U.S. exchanges constituting the primary trading market for the securities.
Databáze: Complementary Index
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