Four Decades for Justice
December 15, 2011
On December 9, 2011, Cravath prepared for its clients a memo entitled “SEC Staff Announces New Restrictions on Its Policy of Reviewing Foreign Issuer Registration Statements on a Non-Public Basis.” This memo summarizes the SEC announcement, which significantly narrows the availability of confidential review of draft registration statements for initial public offerings and initial listings of foreign issuers.
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