Challenges & Opportunities Accessing Capital Markets

Exclusive Interview with

Steven Khadavi, Dorsey & Whitney LLP

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Changes in the regulatory landscape are having a profound impact on companies seeking to access the capital markets.  In this exclusive LegalMindsTV interview, Steven Khadavi, Co-Chair of the Capital Markets practice Group at Dorsey & Whitney LLP, discusses some of the challenges these companies face.

According to Khadavi, “companies considering accessing the capital markets need to carefully weight the costs and benefits of these transactions.  In addition to being an expensive and time consuming process, it can create a significant diversion of management’s time, as well as add significant burdens in terms of disclosures and regulatory compliance.”

“Accessing the capital markets is a long process,’ says Khadavi.  The lead time to commencing a transaction is probably a year or so and in that time you need to “start thinking like a public company.”  This includes engaging PCAOB certified auditors and an accounting firm that’s familiar with SEC reporting and be able to go through the capital markets process.  Companies also need to consider the impact of the Sarbanes-Oxley Act, which entails large upfront costs for testing internal controls and procedures – particularly the first time around.

CONTINUE READING SUMMARY (Click to Expand/Collapse)

View and download a PDF transcript of the full interview here.

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ATTORNEY INFORMATION

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Steven Khadavi

Partner, Dorsey & Whitney LLPAVVO_Khadavi

Steven Khadavi is a partner in Dorsey’s Corporate group and Co-Chair of the firm’s Capital Markets practice group. He has extensive experience in corporate finance and securities law, as well as mergers and acquisitions.

Mr. Khadavi has represented underwriters and issuers in public and private debt and equity offerings, debt tender offers, consent solicitations, exchange offers and public and private acquisitions. He has represented clients in the United States and abroad in various sectors, including telecommunications, healthcare and consumer products. He also advises clients with respect to corporate governance and Sarbanes-Oxley matters.

Admissions:
New York

Education:
George Washington University Law School
J.D., 1996, With Highest Honors; Order of the Coif
Clark University
B.A., Economics, 1993, With Honors

Contact:
250 Park Avenue
New York NY 10177-1500
(212) 415-9376
khadavi.steven@dorsey.com

To see a full bio, visit: http://www.dorsey.com/people/detail.aspx?Attorney=180&mode=full

Publications:

Changes to New York Power of Attorney Law Could Have Broad Implications, September 2009
SEC Mandates Use of XBRL for Financial Statements, June 4, 2009
Debt Exchange Lowdown, The Deal, April 4, 2009
“Overcoming the Challenges of New Disclosure Regulations,” SEC Compliance Best Practices: Leading Lawyers on Understanding Disclosure Requirements, Developing Compliance Procedures, and Advising Clients on Reporting Practices (Inside the Minds), April 2009
“Exchange-Offer Alternatives for Issuers of Debt Securities,” Andrews Litigation Reporter, February 10, 2009
Companies Should Look Closely at Risk Factor Disclosure in Light of the Current Financial Crisis, February 10, 2009; A version of this article was republished in the March 2, 2009 Andrews’ Litigation Reporter
“The Viability of Maintaining Successful Actions against the RTC and the FDIC.” Volume 63, George Washington Law Review, 1996

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FIRM INFORMATION

Clients have relied on Dorsey since 1912 as a valued business partner. With more than 650 lawyers in 19 locations in the United States, Canada, Europe and Asia-Pacific region, Dorsey provides an integrated, proactive approach to its clients’ legal and business needs. Dorsey represents a number of the world’s most successful Fortune 500 companies from a variety of disciplines, including leaders in the financial services, investment banking, life sciences, securities, technology and energy sectors, as well as nonprofit and government entities.

For additional information, visit: http://www.dorsey.com

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  • moblee

    this is rubbish! I hate it!!!!!!!!!!!!!