Overlapping regulation and inconsistent legal rules create uncertainty, so that individual board members of European companies and their attorneys will not know which legal rules apply or what effects those rules may have.
Source quote, verbatim
Overlapping regulation and inconsistent legal rules create uncer-
From
Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010), 4.3. Legal Uncertainty, 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
companies exposed to more than one regulatory regime
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