U S Securities Laws and Foreign Private Issuers 2007

Aims to dispel myths surrounding SEC regulation and to provide useful explanations about what a foreign issuer needs to know about making offers in the US. This book contains chapters that address the key areas of US regulation. Top page

Complete description

The attitude of foreign private issuers to the U.S. Securities Exchange Commission can be characterised as one of apprehension. Sarbanes-Oxley - a sweeping piece of legislation that aimed to combat corporate and accounting fraud - is generally recognised as placing heavy burdens on U.S. and foreign companies and dramatically increasing the cost of an SEC Registration. Section 404, which requires company management to assess and publicly report on the effectiveness of a company's internal controls, has attracted particular criticism. Concerns about Sarbanes and the prospect of U.S. lawsuits have combined to reduce the number of new foreign listings in the U.S. and to increase the pool of foreign companies seeking to de-list. However, even if they wish to de-register rather than bear the compliance costs, very few foreign issuers could do so even under the SEC's recently revised de-registration procedures. Notwithstanding these concerns, the U.S. capital markets are the most liquid in the world and many foreign private issuers continue to look to the US market to raise capital. This book has been written to dispel myths surrounding SEC regulation and to provide useful explanations about what a foreign issuer needs to know about making offers in the U.S. Drawing on a panel of expert authors, the chapters address the key areas of U.S. regulation, in a reader-friendly style. In response to criticism about the regulatory burden the SEC has come up with a set of rule changes to make offerings easier for all issuers. Foreign private issuers will be able to take advantage of gun-jumping rules and the modernisation of the shelf offering rules. Moreover, foreign private issuers that are Well Known Seasoned Investors (WJSIs) will be able to conduct rights offerings much more efficiently via automatic shelf registration. These are examined in a separate chapter. Top page

General info

Publisher & Imprint: City & Financial Publishing

City: Old Woking

Pages: 279

More info: height 234 mm width 156 mm

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Age recommended: Professional and scholarly

Subject Indexing & Classification Dewey:(DC22) 346.7307

Departments: Investment & securities;

Record updated at: 14 May, 2013 time: 00:29

Summary U S Securities Laws and Foreign Private Issuers 2007 Preface Brian Lane, Gibson Dunn & Crutcher LLP Chapter 1 The SEC and Foreign Private Issuers Paul Dudek, Securities and Exchange Commission Chapter 2 SEC Registered Offerings and the Recent Securities Offering Reforms Alan Bannister, Gibson Dunn & Crutcher LLP Chapter 3 Common Exempt Offerings Cathy Dixon, Weil Gotshal & Manges LLP Chapter 4 Rights Offerings, Spin Offs and Other Corporate Transactions for Foreign Private Issuers Christopher Walton, Clifford Chance LLP Chapter 5 An Overview of Depositary Receipts Peter Tisne, Emmett Marvin Martin Chapter 6 Reporting Requirements for Foreign Private Issuers Tom Vita, Norton Rose Chapter 7 The Sarbanes - Oxley Act and Foreign Private Issuers Kevin Kelley, Gibson Dunn & Crutcher LLP Chapter 8 De-Registration and De-Listing: Leaving the U.S. Public Securities Markets Richard Baumann, Dorsey & Whitney LLP Chapter 9 Brokers' Research in the Context of a Proposed Offering Tom Joyce, Dorsey & Whitney LLP Top page

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