Management of New York initial public offering (IPO) candidate Euronav is opting out of conforming to some aspects of the US Sarbanes-Oxley regime despite its longstanding status as a public company in Europe.

Belgian tanker owner opts for ‘emerging growth company’ status despite being listed for a decade on Euronext bourseEuronav’s intention to take advantage of loopholes delaying compliance with Sarbanes-Oxley — commonly known as “Sarbox” — is included in its long-awaited prospectus filing with US securities regulators this week.

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