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ARTICLE · 07 AUGUST 2025

Corporate Constitutionalism For Foreign Private Issuers

Lawyers for public companies across the world may not have expected this, but a recent UK appellate decision on an Antigua and Barbuda company greatly enhanced global shareholder rights.

ChinaCorporate/Commercial Law

This article was first published in Columbia Law School (CLS) Blue Sky Blog on Friday 2 May 2025.

Lawyers for public companies across the world may not have expected this, but a recent UK appellate decision on an Antigua and Barbuda company greatly enhanced global shareholder rights. The reason is straightforward – Antigua is one of a handful of offshore jurisdictions for company incorporation, and the company in this case is one of more than 850 non-U.S. companies publicly listed in the United States (foreign private issuers or FPIs)1 Since the total number of companies listed in the United States is less than 6,000, foreign private issuers account for a substantial percentage of them2.

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