The Role of A Depositary Bank

A depositary bank oversees every aspect of a depositary receipt program - from pre-launch activities through day-to-day administration - making it instrumental to any program's success.

Depositary Receipt Solutions

Raise capital, improve brand equity and increase liquidity: How depositary receipts can meet your needs.

Morrison v National Australia Bank and its Progeny: US Capital Markets Become Safer and More Hospitable for Non-US Corporates

Morrison v National Australia Bank, 130 S. Ct. 2869 (2010), a US Supreme Court decision from June 2010, and more recent rulings interpreting and applying this decision in a variety of contexts, have limited dramatically the potential liability of non-US companies and their officers and directors pursuant to the basic anti-fraud provisions under the Securities Exchange Act of 1934 (the Exchange Act), Section 10(b) and Rule 10b-5 (the US anti-fraud provisions). This case law clearly suggests that the US capital markets are becoming safer and more hospitable to non-US corporates.