The principal focus of our capital market law practice is the advising of issuers and underwriters in public and OTC offers of domestic and international securities, whether as equity or debt offerings. This includes the creation of an appropriate sales prospectus and its approval by the responsible regulatory authority, its publication as well as the subsequent legal supervision of the securitities issue.
We also assist our clients listed in Germany to enter other capital markets, such as the issue of American depositary receipts (ADRs) in the USA. In addition we provide advice regarding all regulatory rights and obligations which our clients derive from German, European and international capital market law, such as ad hoc communications pursuant to the German Securities Trading Act (WpHG), take-over bids according to the German Take-over Act (WpÜG) or compliance with the EU Prospectus Directive 809/2004. In this connection we assist our clients in communicating with public authorities, in particular the Federal Financial Supervisory Authority (BaFin) as well as land (state) market regulation authorities.
As well as IPOs, we advise on delistings and squeeze outs.
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