Event: Capital markets in the 21st century

Early bird rate:

Delegates wishing to take advantage of our early bird rate must book by Friday 26 October 2012.

Overview

Following the successful first Joint ABA International/Law Society Capital Markets Day in London last year, a second capital markets conference has been scheduled to take place at the Law Society's offices in London on 29 November 2012.

This conference will bring together members of the global legal community for one day of programming presented by ABA International and The International Division of the Law Society of England and Wales, including social and networking opportunities and informative, substantive programs presented by world-class experts. This practical, interactive one-day conference will provide capital markets practitioners with insight from leading outside counsel, in-house counsel, bankers and regulators on how deals have recently evolved.

Why attend

Topics for 2012 will include:

  • Regulatory Developments and the Changing Market Structure
  • Trends in ECM
  • European listings in the US - trends and legal issues
  • Cross-border listings, Corporate Governance and GDRs
  • Trends in Investment Grade and High Yield Debt Capital Markets
  • Restructurings and liability management
  • Tax update

Who should attend

Capital markets practitioners, including outside counsel, in-house counsel, investment bankers and regulators.

In addition to qualifying for 7 CPD points, accreditation has been requested for the 2012 Capital Markets Conference by the ABA MCLE Division from most US states with general mandatory continuing legal education requirements for all lawyers admitted in that state.

Programme:

This programme will also offer a unique forum for international lawyers to expand their networking activities and meet colleagues from all over the world.

For full programme details, please download event flyer.

Session descriptions

Trends in equity capital market

This panel will focus on a comparison of regulatory and market developments on either side of the Atlantic. In particular, the panel will consider the controversy, on each side of the Atlantic, that the model for ECM is somehow broken, serving neither issuers nor investors. The panel will address whether the current legal structures inhibits timely access to markets and disclosure that investors find meaningful.

The panel will divide its discussion into IPOs and follow-on offerings. For IPOs there will be consideration of pre-deal investor soundings, or "testing the waters", research, free float restrictions and the ability to access retail investors. The segment on follow-on offerings will address pre-deal communication, ongoing disclosure and rights offerings after the amendments to Prospectus Directive.

European companies listing with the New York Stock Exchange or Nasdaq Stock Market

Increasingly, European companies that are planning an IPO will consider whether to list their shares on the New York Stock Exchange or the Nasdaq Stock Market instead of on the company's local market. This panel will discuss both U.S. securities law concerns and local corporate law concerns that must factor into the decision of where to list. In addition to discussing the Jobs Act, the panel will explore local tax concerns, local registration requirements and liability concerns on both sides of the Atlantic. Finally, the panel will also explain American depositary receipts.

Cross-border listing issues

For the last decade companies increasingly have been listing securities outside their home jurisdictions to access international capital. This trend has accelerated with more than 1,000 cross-border IPOs, raising more than $275bn, since the beginning of 2007. The session will examine a range of topics, including regulatory and other factors influencing the selection of listing venues, the effects of competition among exchanges, the changing competitive position of banks and the development of emerging market exchanges. It will also focus on some of the difficulties inherent in cross-border deals and how practitioners have dealt with these issues.

Details

CPD:
This function qualifies for 7 CPD points.

Price:

Practical Law is a cooperating entity, so all Practical Law subscribers will qualify for the reduced rate

  • PC Holder/Member of the ABA/Members of a Co-Operating Entity Early bird - £250 + VAT
  • Non-PC Holder/Non-member of the ABA Early Bird - £350 + VAT
  • Academic/Trainee/Student Early bird - £200 + VAT

Location:
The Law Society
113 Chancery Lane
London, WC2A 1PL

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