# kaal:claim:2029983-012

**Claim.** Bifurcation lets a party to a disputed offshore transaction reintroduce U.S. law into the civil liability regime by threatening to involve the SEC or DOJ unless the other party offers an attractive settlement.

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

**Holds when.**

- transaction located outside the United States
- Section 929P enforcement remains available

**Source quote.**

> A party to a disputed transaction outside the United States can even reintroduce U.S. law into the civil liability re- gime by threatening to involve the SEC or DOJ if the other par- ty does not offer an attractive settlement.

**From.** Wulf A. Kaal, Richard W. Painter, *Forum Competition and Choice of Law Competition in Securities Law after Morrison v. National Austral* (2012), I.C. Bifurcated Jurisdictional Competition in Securities Law, page 21

**Cite as.** Wulf A. Kaal, Richard W. Painter, Forum Competition and Choice of Law Competition in Securities Law after Morrison v. National Austral (2012). SSRN: https://ssrn.com/abstract=2029983

**Verify.** sha256 of source PDF `fde2ff611420eb283cbb49a6b681a2ae8efa2b4603ae71480e2d91483f0295f2` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Painter%20-%202012%20-%20Forum%20Competition%20and%20Choice%20of%20Law%20Competition%20in%20Securities%20Law%20after%20Morrison%20v.%20National%20Austral.pdf

**Failure mode.** enforcement-threat-as-settlement-leverage  (family: jurisdictional-conflict)

**Topics.** compliance

**Keywords.** dodd-frank-929p, settlement-leverage, enforcement, bifurcation

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