For many years, it was commonly accepted that the corporation law of the State of Delaware was more “modern” or “advantageous” to corporations than the corporation law of most other states. In 1975, however, the General...more
In this third installment of Season's Readings, we button up our winter jackets and examine the transformative Year of Enforcement that was 2025. The past year has been one of significant transition at the SEC, with new...more
In this article, we will discuss the benefits of listing an investment fund on the Cayman Islands Stock Exchange (CSX). CSX accepts listings on a wide range of securities, including open-ended and closed-end funds, bonds, and...more
Welcome to the latest edition of Fenwick’s Securities Law Update. This issue contains updates and important reminders on...more
The U.S. Securities and Exchange Commission’s recent approval of the Texas Stock Exchange LLC (TXSE or the Exchange) as the newest national securities exchange marks a significant development in the U.S. capital markets....more
On 30 September 2025, the eve of the government shutdown, the Securities and Exchange Commission (SEC) issued an order granting the Texas Stock Exchange LLC’s (TXSE) registration as a national security exchange (the Order)....more
Directors and officers are no strangers to consequential decisions—where to incorporate, how to pursue growth, how far to go on ESG disclosures. Each choice shapes the company’s relationship with investors....more
On September 30, 2025, Texas Group Inc. ("TXSE Group") announced that it has received formal approval of its Form 1 Registration Statement from the U.S. Securities and Exchange Commission ("SEC") to operate the Texas Stock...more
The Texas Stock Exchange (TXSE), based in Dallas, Texas, has received approval from the Securities and Exchange Commission to operate as an exchange, with plans to begin listing shares in 2026. TXSE was created to reduce...more
On September 30, 2025, the new Texas Stock Exchange (TXSE) announced that the SEC approved its Form 1 registration statement, officially approving the exchange. Accordingly, the TXSE is now officially a recognized national...more
The Nasdaq Stock Market LLC (Nasdaq) recently submitted proposed enhancements to its initial and continued listing standards to the US Securities and Exchange Commission (SEC), aiming to strengthen its longstanding commitment...more
When going through an initial public offering (IPO) process, a company must make the important decision of choosing the securities exchange on which to list its shares. For most U.S.-based companies undertaking an IPO, this...more
Stockholders own corporate entities but elect a board of directors to govern the company. The board is responsible for overseeing the general management of the company’s business (for the benefit of the stockholders)...more
Fintech and Digital Asset Companies Announce New Blockchains, Payment Networks - According to a recent press release, a crypto investment firm and a major U.S. payments and fintech company have jointly developed a...more
Everyone knows the names of the two major national stock exchanges: the New York Stock Exchange and the Nasdaq stock market. In fact, there are currently a total of 16 national stock exchanges in the United States, each with...more
The Conference Board recently reported that the number of Russell 3000 companies issuing sustainability reports in the first half of 2025 fell 52% compared to the first half of 2024. ...more
The amendments to the Corporate Governance Code (“CG Code”) and the related Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Exchange” and “Listing Rules”, respectively) come into...more
This is our initial public offering guide. It will help you decide whether an IPO is the right move for your company and, if so, help you make sure your IPO goes off as quickly and as smoothly as possible, without any...more
Growing corporate and financial industry interest in Texas as a viable alternative to Delaware for incorporation is creating a trend, which is being called “Dexit.”...more
Fintech Companies Announce Crypto-Focused Acquisitions and Partnerships - A U.S.-based crypto infrastructure solutions provider announced in a recent press release that it has signed a definitive agreement to acquire a...more
My mind was sort of blown when I read this recent press release saying that the Texas Stock Exchange (TXSE) had filed this Form 1 application to register as a national securities exchange. I was tripping because the TXSE was...more
We are pleased to provide this twice-annual report summarising notable mergers and acquisitions activity in South and Southeast Asia, highlighting transactions over US$100 million in aggregate value. This edition features...more
TXSE (pronounced TEX-see) announced on April 4, 2025 that its Form 1 registration is now public, putting it one step closer to Y'all Street. The announcement touted its proprietary “matching engine" that it believes will make...more