The American Depositary Shares in Case of Insolvency (Las American Depositary Shares en Caso de Concurso) (Spanish)
LIBRO HOMENAJE AL PROF. DR. D. MANUEL OLIVENCIA RUIZ, pp. 827-846, Marcial Pons, ed., 2004
20 Pages Posted: 7 Jan 2011
Date Written: January 1, 2004
Abstract
In reflecting on the peculiar legal features of American Depositary Shares, this paper considers the hypothesis of insolvency of some of the relevant parties in the contractual scheme in order to extract the legal implications (both contractual and otherwise) arising from the use of ADRs as a cross-listing device in foreign stock markets.
Note: Downloadable document is in Spanish.
Keywords: ADR, American Depositary Shares, American Depositary Receipts, Insolvency, Cross-listing
JEL Classification: G21, G32, K11, K12, K22, K33, O16
Suggested Citation: Suggested Citation