kaal:claim:1664809-016

For European jurisdictions the extraterritorial application of US law creates confusion and legal uncertainty and makes it harder to regulate private parties who engage in regulatory arbitrage by taking their litigation to the United States when convenient.

Source quote, verbatim

US law can create confusion, legal uncertainty, and difficulties

From

Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010), 4. THE IMPACT OF TRANSNATIONAL SECURITIES LITIGATION, p. 4
https://ssrn.com/abstract=1664809 · source PDF

Cite as

Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010). SSRN: https://ssrn.com/abstract=1664809

Holds when

European jurisdictions whose parties can access US courts

Classification

failuresupport: arguedfailure: regulatory-arbitrage-by-forum-choicefamily: regulatory-arbitragelaw-and-legal-systemsregulatory-failurecompliance

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