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Securities & Financial News to Note : Bulletin - February 6, 2012

This bulletin is published every other week on Monday and is disseminated via electronic mail. It features brief summaries of current legal developments in the SEC/corporate, accounting/tax, banking, litigation, as well as other business and financial service areas when appropriate.

Construction: Alert - January 30, 2012

For almost 50 years, lessors have had the ability to limit their liability for liens that arose from improvements to the leasehold made by a lessee. However, in the most recent legislative session, the Florida Legislature enacted revisions to Florida Statute § 713.10 that provide a potential pitfall for lessors by inserting a provision that may allow a contractor to lien the lessor's interest even where there is a recorded document advising of the limitation of liens.

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SEC Proposes to Ease Burdens on Certain Non-U.S. Issuers Whose Principal Trading Market is Outside the U.S.

The Metropolitan Corporate Counsel

May 1, 2008

Francois Janson- New York

The article discusses the amendments that the SEC recently proposed to Rule 12g3-2(b) governing how non-reporting foreign companies whose shares trade in the US OTC market may obtain an exemption from SEC registration.

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