IFLR: IFLR weekly roundup: SEC clears arbitration clauses for use in IPO filings

In response to the new US Securities and Exchange Commission policy relating to mandatory arbitration clauses, O’Melveny vice chair and Securities Litigation and Financial Services Practice co-chair Matthew Close told IFLR that it is an important development for both companies and the wider business community, as “it aligns the SEC with prevailing federal arbitration law and ends the suspect practice of using the registration process to prevent arbitration of stockholder claims.”

Read the full article here.