International public companies practice
This module teaches the fundamentals and structure of international public companies practice by reference to the law and practice of England and Wales, with comparisons and references to differing approaches taken by other jurisdictions.
- The listing of shares on the Main Market of the London Stock Exchange – the criteria to be met by the company and the shares to be listed, passporting of prospectuses and the application process to achieve dual listing on such markets as the New York Stock Exchange, Nasdaq and the Frankfurt Stock Exchange
- The protection of potential investors in a listed company – information to be provided and liability for failure to provide full and accurate information
- Transactions of a listed company – the extent to which a transaction must be publicised and approved by shareholders
- Corporate governance and best practice – a consideration of the key recommendations and regulations the structure, composition and reporting requirements of the Board of Directors of a public company listed on the London Stock Exchange and the New York Stock Exchange
- Restrictions on share dealing – the Model Code, the Financial Services and Markets Act 2000 and the Criminal Justice Act 1993
- Secondary issues – the mechanics of the issue and the regulatory requirements to be observed by the issuer in its home state and overseas, including requirements when listed in more than one state
- Underwriting – what is it and what are the key terms of a typical underwriting agreement
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