The language of the Issue Memorandum is English
The Law and Lore of Repackaging
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Spotted, in the wild, in an offering memorandum:
“The language of the Issue Memorandum is English.”
We are not sure which Magic Circle foundry forged the managing associate whose fever dream prompted this baffling disclosure, but only a spirit broken by years of relentless beasting could be quite so abstruse.
Look, we can giggle at those well-meaning Belgian jobsworths, hell-bent, with their KIIDS, on demystifying all the manifold arcana of capital markets prospectusry — but surely not even the haugtiest Eurocrat could be so pedantic as to demand one attests to ones own mother tongue.
Could one, honestly, over the weft and warp of a two-hundred and seventy pages prospectus, really be in any doubt? Could a reader carry on thinking, well, this looks like English, but there remains an outside chance that it is Bulgarian?
Perhaps our Magic circle clerk has a more defensive plan in mind. There are lengthy stretches