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    An ADR may represent the underlying shares on a one-for-one basis, a fraction of a share, or multiple shares of the underlying company. The depositary bank will set the ratio of U.S. ADRs per home-country share at a value that they feel will appeal to investors. If an ADR's value is too high, it may deter some investors.
    33.214 Alternative dispute resolution (ADR). (a) The objective of using ADR procedures is to increase the opportunity for relatively inexpensive and expeditious resolution of issues in controversy. Essential elements of ADR include- (1) Existence of an issue in controversy; (2) A voluntary election by both parties to participate in the ADR process;
    ADRs are U.S. dollar-denominated certificates that trade on American stock exchanges and track the price of a foreign company's domestic shares. ADRs represent the prices of those shares but do not grant you ownership rights as common stock typically does. Why Do Foreign Companies List ADRs?
    ADRs represent an easy, liquid way for U.S. investors to own foreign stocks. These investments may open investors up to double taxation, and a limited number of options are available. American depositary receipts are denominated in U.S. dollars. The underlying security is held by a U.S. financial institution, often by an overseas branch.
  2. Alternative Dispute Resolution (ADR) for Paralegals - Lorman