kaal:claim:2029983-031

Morrison's transactional test could prove relatively short lived because it is rooted in geography while an increasing number of securities transactions defy geographical boundaries.

Source quote, verbatim

The transactional test in Morrison could be relatively short lived because it is rooted in geography and an increasing num- ber of securities transactions defy geographical boundaries.

From

Wulf A. Kaal, Richard W. Painter, Forum Competition and Choice of Law Competition in Securities Law after Morrison v. National Austral (2012), III. Choice of Law Competition After Morrison, p. 61
https://ssrn.com/abstract=2029983 · source PDF

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

Holds when

transactions off organized exchanges and on exchanges that cross borders

Classification

predictivesupport: arguedfailure: geography-based-test-obsolescencefamily: rule-obsolescence-and-ossificationcitation-and-knowledgesecurities-law

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