Oct. 15, 2020 - BlackBerry Ltd. completed an amended debt refinancing transaction with its significant shareholder Fairfax Financial Holdings Limited (Fairfax), on September 1, 2020, after having made changes to the transaction terms on two separate occasions. These included downsizing the financing from...
Multijurisdictional Disclosure System: Offering Securities and Reporting in the United States Using MJDS
The multijurisdictional disclosure system (MJDS) permits eligible Canadian issuers to publicly offer securities in the United States by using a prospectus that is prepared principally in accordance with Canadian disclosure requirements. The MJDS also enables these issuers to substantially satisfy their reporting obligations by using their Canadian continuous disclosure documents under the cover of the applicable MJDS form. As a leading adviser on matters relating to the MJDS, Davies has updated this informative guide, which provides the reader with a general insight into offering securities and reporting in the United States using the MJDS. Topics addressed include the following:
- The preparation and filing of offering documents
- The types of offerings and the applicable forms
- The review and clearance of the offering documents by the applicable securities regulator
- Other U.S. regulation of MJDS offerings
- Annual and periodic U.S. reporting obligations for MJDS filers
Sept. 29, 2020 - The U.S. Internal Revenue Service (IRS) published proposed regulations (the Proposed Regulations) on August 14, 2020, providing much-needed guidance on the implementation of the carried interest rules under Section 1061. 1 These rules will be of great interest to investment fund managers as well...