The simultaneous offering of shares in two or more countries raises all kinds of potential legal problems given the different regualtions and customs that often prevail iii different jurisdictions. But, so far, the lawyers and regulators have managed to reconcile these differences, enabling simultaneous international offcrings to take place smoothly.
Here are two commentaries on the subject. by lawyers who were involved ill the huge British Telecom flotation in December 1984, when the British government sold 50.2%
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