Guide to Public ADR Offerings in the United States 2011

This memorandum is the firm’s 2011 edition of the Guide to Public ADR Offerings in the United States. The memorandum is a comprehensive summary of the principal issues faced by foreign issuers in SEC-registered ADR offerings and should be of interest to foreign issuers contemplating an SEC-registered equity offering, as well as to representatives of investment banks, foreign law firms and depositary banks that work with such issuers.