The U.S. Legal Environment for Sponsored and Unsponsored ADR Programs (2009)

Ziegler, Ziegler & Associates LLP and Depositary Management Corporation have prepared a white paper summarizing the key legal considerations applicable to unsponsored and Level 1 sponsored American depositary receipt (“ADR”) programs under the U.S federal securities laws. Read the paper:

The U.S. Legal Environment for Sponsored and Unsponsored ADR Programs (2009) | pdf

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