Prerequisite: L6231 Corporations. LLM's with significant corporate and securities law practice experience in their home countries are exempt from the pre-requisite.
The course concerns the regulation of transnational securities transactions. Issues considered will include the public offering of securities to investors outside an issuer's home country, the periodic disclosure required of an issuer whose shares are held by investors outside its home country, the reach abroad of nationally based anti-fraud regimes, tender offers across state lines, and broker-dealer activities involving transnational transactions. The primary substantive law focus will be on how the U.S. regime deals with these issues, but the course will develop a theoretical framework that will help analyze transnational transaction regulation by the legal systems of other countries and international bodies as well.