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Sarbanes-Oxley motivates new generation of Snake Plisskens

Sarbanes-Oxley motivates new generation of Snake Plisskens

by Rick Turoczy on March 13, 2006

BeNeLux benefits? The Financial Times reported today that some 7 percent of the firms with American depositary receipts–nearly three dozen–chose to delist them last year, thanks to Sarbanes-Oxley regulations and a lack of interest from individual investors. According to the Bank of New York, of the 106 non-U.S. companies that started depositary receipt programs last year, only 29 listed in the United States, while the London Exchange and the Luxembourg Stock Exchange attracted 50 between them. Most of the Indian firms creating depositary receipts did so in Luxembourg.

Sarbanes-Oxley motivates new generation of Snake Plisskens

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