The SEC approved of Nasdaq’s proposed rule change aimed at accelerating the delisting process for companies with shares trading below US$1.00 and limiting the time a noncompliant security can remain listed on Nasdaq.
Nasdaq has proposed a rule change aimed at accelerating the delisting process for companies with shares trading below US$1.00 and limiting the time a noncompliant security can remain listed on Nasdaq.
This article discusses the recent Canadian judgment of South West Terminal Ltd v Achter Land and Cattle Ltd, which should be noted with caution by trading companies and other organisations whose personnel regularly discuss contract terms via informal communication methods, such as WhatsApp, Telegram or WeChat.
This note summarises the key temporary changes to the regulatory framework for companies listed in the UK that have been announced to date in response to the COVID-19 pandemic, and provides suggestions on how such companies might mitigate the disruption from COVID-19 including the use of virtual AGMs.