picture of Rajah

Rajah Lehal

Closing Conditions Require Compliance With All Applicable Securities Legislation

September 24, 2015

Links from this article: Read the article here.

Parties to a subscription agreement need to be aware of the regulatory approvals required for the shares to be issued or transferred. They should pay particularly close attention to the applicable securities laws that apply to the transaction. This article discusses Whirlpool Corporation, which received written approval from the China Securities Regulatory Commission (CSRC) to acquire a 51 percent stake in Hefei Rongshida Sanyo Electric Co., Ltd. This was the final key regulatory approval required in the acquisition.

Read the article here.Take away:

  • Before completing the issuance or transfer of shares via a subscription agreement, ensure you have complied with all applicable securities laws.
Conditions of Closing
Subscription Agreement
Company Formation

Written by Rajah. Rajah Lehal is Founder and CEO of Clausehound.com. Rajah is a legal technologist and technology lawyer who is, together with the Clausehound team, capturing and sharing lawyer expertise, building deal negotiation libraries, teaching negotiation in classrooms, and automating negotiation with software.