US: The practical nomad
UK nomads must be aware of US securities legislation when advising a US company on an AIM listing
A UK nomad takes a US company public on the Alternative Investment M a rket (AIM) and is sued in the US by an investor under the anti-fraud provisions of Section 10(b) of the US Securities Exchange Act of 1934 and Rule 10b-5 thereunder. In the complaint, the investor alleges that the admission document failed to include an expert’s warning that the oil exploration project might result in a dry well. Has this ever happened? Not to the best of the author’s knowledge. Could it happen? It absolutely could.
This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651