CMLJ Express |
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Deregistration issues in the US for foreign private issuers (see p. 115)
| Edward F Greene and Robert Underhill While the passage of Sarbanes–Oxley in the US is justone of many reasons affecting the lack of competitiveness ofthe US capital markets recently, it served to focus the attentionof foreign private issuers in the US on the difficulty and sometimesimpossibility of exiting the US capital markets after entry. Unlike many other jurisdictions, the process of deregisteringin the US is distinct from the process of delisting. The existingrules for deregistration of foreign private issuers focus onthe number of
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