US law

US securities law issues in UK transactions

US securities law can impact on various capital markets transactions where there is a US element. See Practice Notes:

1. •

   Adding a US tranche to a public offer

2. •

   SAS 72 comfort letters in international securities offerings

3. •

   Regulation S—an introduction for non-US lawyers

4. •

   Marketing a initial public offer to QIBs in the United States of America—key considerations

Also, the following Practice Note considers factors and issues for overseas companies (including US issuers) looking to offer securities, including depositary receipts, in the UK: Overseas companies—options for a public offer of securities in the United Kingdom.

US IPOs and private offerings

For introductory guidance on the initial public offering (IPO) process in the United States, as well as guidance on private offerings, see the following Practice Notes (all of which are reproduced from Practical Guidance in the US:

1. •

   The US initial public offering process

2. •

   Managing the due diligence process for a US IPO

3. •

   Preparing