# kaal:claim:1664809-020

**Claim.** 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.

**Type.** failure  **Support.** argued

**Holds when.**

- countries that have deliberately declined to adopt class action litigation

**Source quote.**

> 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, page 5

**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

**Verify.** sha256 of source PDF `2d5c8c30f969f8eb613bfa1fe6888a7cfa1a452e1027bcda0489618ceac62c20` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Painter%20and%20Kaal%20-%202010%20-%20Extraterritorial%20Application%20of%20US%20Securities%20Law%20%E2%80%93%20Will%20the%20US%20Become%20the%20Default%20Jurisdiction%20for.pdf

**Failure mode.** forced-export-of-us-law  (family: jurisdictional-conflict)

**Topics.** law-and-legal-systems

**Keywords.** legal-export, class-actions, regulatory-sovereignty, section-7216, europe

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