kaal:claim:1664809-020

Section 7216 could have the opposite effect of forcefully exporting US law onto other jurisdictions including Europe, even though it would be preferable for other nations to decide for themselves whether to have a class action litigation system.

Source quote, verbatim

7216 could have the opposite effect of forcefully exporting US law

From

Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010), 4.1. European Jurisdictions and European Companies, p. 5
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

countries that have deliberately declined to adopt class action litigation

Classification

failuresupport: arguedfailure: forced-export-of-us-lawfamily: jurisdictional-conflictlaw-and-legal-systems

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 2d5c8c30f969f8eb613bfa1fe6888a7cfa1a452e1027bcda0489618ceac62c20. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/d932f330b30fd025...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/1664809-020.md | sha256sum