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Most ADR programs are subject to possible termination. Termination of the ADR agreement will result in cancellation of all the depositary receipts, and a subsequent delisting from all exchanges where they trade. The termination can be at the discretion of the foreign issuer or the depositary bank, but is typically at the request of the issuer.
Futu also owns Futu Securities International (Hong Kong) Limited (Chinese: 富途證券) ("Futu HK"), which is a licensed corporation recognized by the Hong Kong Securities and Futures Commission. Founded by Leaf Hua Li in 2012, Futu HK attracted significant backing from Tencent, Matrix, and Sequoia Capital, [ 4 ] [ 5 ] which have supported the ...
The Japanese Association of Turnaround Professionals (JATP) is the only private operator certified to provide mediation services for Turnaround ADR. [4] In this role, JATP normally appoints a mediator from a network of corporate turnaround professionals. This mediator is responsible for implementing the Turnaround ADR procedure fairly and ...
Tencent has repurchased nearly $7.7 billion of its shares since May, while Futu has done a good job of growing its client base, benefiting from its reach beyond China.
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Termination fees are common to service industries such as cellular telephone service, subscription television, and so on, where they are often known as early termination fees. For instance, a customer who purchases cellular phone service might sign a two-year contract, which might stipulate a $ 350 fee if the customer breaks the contract.
A breakup fee (sometimes called a termination fee) is a penalty set in takeover agreements, to be paid if the target backs out of a deal (usually because it has decided instead to accept a more attractive offer). The breakup fee is ostensibly to compensate the original acquirer for the cost of the time and resources expended in negotiating the ...
Thus, ODR is a different medium to resolve disputes, from beginning to end, respecting due process principles. [7] ODR was born from the synergy between ADR and ICT, as a method for resolving disputes that were arising online, and for which traditional means of dispute resolution were inefficient or unavailable.