Each jurisdiction around the world has its own national set of statutes and regulations that govern the offering of debt and equity securities. For EU and EEA Member States, EU directives and regulations also have to be taken into account. In addition, whether an offering is made on a public exchange or placed privately, corporate officers and financial services professionals need to consider a range of factors, such as underwriting arrangements, ongoing reporting obligations, anti-manipulation rules, price stabilization concerns and enforcement of liabilities. In the Germany section of Getting the Deal Through – Securities Finance 2010 (PDF), Dr. Andreas Fillmann, Manfred Baumbach and Jörg Uhlmann, lawyers in the Squire Sanders Frankfurt office, examine the lay of the land in Germany.
Reproduced with permission from Law Business Research. This article was first published in Getting the Deal Through – Securities Finance 2010 (published in April 2010; contributing editor: Mark Greene of Cravath, Swaine & Moore LLP). For further information please visit www.GettingTheDealThrough.com.