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Results: 1-10 of 153

SEC liberalises the deregistration rules for non-US issuers
  • Herbert Smith Freehills LLP
  • USA
  • July 12 2007

On 21 March 2007, the SEC unanimously adopted amendments to the rules governing when non-US issuers may deregister under the Securities and Exchange Act of 1934, as amended (the “Exchange Act”) and, accordingly, terminate its reporting obligations


FCA publishes final changes to its rules on the use of dealing commission
  • Herbert Smith Freehills LLP
  • USA
  • May 19 2014

The Financial Conduct Authority ("FCA") has published its policy statement on Changes to the use of dealing commission rules PS 147, which covers


SEC adopts amended rules on cross-border tender offers, business combinations and rights offerings
  • Herbert Smith Freehills LLP
  • USA
  • October 14 2008

On 19 September 2008, the U.S. Securities and Exchange Commission (the "SEC") released final rules relating to a significant revision of its regulation of cross-border business combination transactions


Financial crisis: litigation
  • Herbert Smith Freehills LLP
  • United Kingdom, USA
  • October 15 2008

It is inevitable that in such a dramatic and fast-changing economic landscape, commercial counterparties are urgently considering whether and how they can protect their rights by litigation


Morrison v National Australia Bank
  • Herbert Smith Freehills LLP
  • United Kingdom, USA
  • July 1 2010

In a decision of great significance to non-US issuers and their shareholders, the US Supreme Court has clarified and restricted the extra-territorial application of the anti-fraud provisions of US federal securities laws


US SEC files civil action charging NATCO with violations under FCPA
  • Herbert Smith Freehills LLP
  • USA
  • June 3 2010

The US Securities and Exchange Commission (SEC) settled its civil enforcement action against NATCO Group Inc (NATCO) earlier this year


SEC acts to curb short selling abuses
  • Herbert Smith Freehills LLP
  • USA
  • September 24 2008

Over the past week the US Securities and Exchange Commission (the "SEC"), responding to "sudden and unexplained declines in the prices of securities" and the danger to the broader market of "a crisis of confidence without a fundamental underlying basis," adopted a series of temporary and permanent measures designed to curb "naked" short selling and restore confidence in the nation's financial institutions


SEC charges General Re Corporation for its role in AIG and Prudential accounting fraud
  • Herbert Smith Freehills LLP
  • USA
  • February 16 2010

The US Securities and Exchange Commission (SEC) has issued a complaint against General Re Corporation (Gen Re) for its involvement in assisting American International Group (AIG) and Prudential Financial Inc. with setting up sham transactions to manipulate their financial statements


US Supreme Court grants leave to appeal in foreign-cubed securities class action
  • Herbert Smith Freehills LLP
  • USA
  • December 4 2009

On 30 November 2009, the United States Supreme Court granted certiorari in Morrison v National Australia Bank Limited, in effect granting leave to the plaintiffs to appeal against the decision of the US Court of Appeals for the Second Circuit declining jurisdiction in that case


SEC adopts final rules to the Investment Advisers Act of 1940 implementing provisions of the Dodd-Frank Act
  • Herbert Smith Freehills LLP
  • USA
  • September 22 2011

On 22 June 2011, the Securities and Exchange Commission ("SEC") adopted final rules and rule amendments under the Investment Advisers Act of 1940, as amended, (the "Advisers Act") implementing certain provisions of Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd Frank Act"