December 8, 2008

Corp Fin Issues Compliance Guide for New Cross-Border Rules

Last week, Corp Fin posted a “Compliance Guide” covering the new rules on cross-border business combinations, exchange offers and rights offering, which are effective today.

Despite the “Small Entity” title, the Guide provides a helpful short summary of the new rules that can be used by all companies. The Guide also highlights the rule changes that apply to domestic transactions, including the expanded availability of early commencement to all registered exchange offers, and the elimination of the old 20-day limit on subsequent offering periods for tender offers.

We’ve posted a number of memos on the new rules in our “Cross-Border Deals” Practice Area – and tune in next month to hear the SEC Staffer who wrote the rules (and other experts) in our webcast: “Implementing the New Cross-Border Rules.”