# kaal:claim:2029983-021

**Claim.** The Dutch unfair trade practice and misrepresentation provisions invoked in Fortis, taken together, approximate the legal protections available in the United States under Section 10(b) and Rule 10b-5, which makes the Dutch legal system a possible avenue for circumventing the restrictions imposed by Morrison.

**Type.** mechanism  **Support.** argued

**Holds when.**

- claims brought under Dutch civil law and the Dutch Financial Supervision Act

**Source quote.**

> Combined, these sections approximate legal protections available in the United States under Section 10(b) and Rule 10b-5. Given the comparability, the Dutch legal system could present a possible avenue for circumventing the restrictions imposed by the Morrison decision.

**From.** Wulf A. Kaal, Richard W. Painter, *Forum Competition and Choice of Law Competition in Securities Law after Morrison v. National Austral* (2012), II.B.2.a. Fortis, page 44

**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

**Topics.** economics

**Keywords.** netherlands, dutch-civil-code, rule-10b-5, morrison, forum-competition

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