# European jurisdictions

`kaal:entity:european-jurisdictions`

**Status.** derived

This node is assembled mechanically from the 4 claims that carry the concept tag `european-jurisdictions`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

4 claims across 1 works, 2010 to 2010.

**2010**

- [1664809-012](https://wulfkaal.github.io/claims/1664809-012) [mechanism/argued] -- The lack of securities class actions in European jurisdictions creates a void that increases the incentives for forum shopping by plaintiffs' lawyers.
  > This void increases incentives for forum shopping by
  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
- [1664809-014](https://wulfkaal.github.io/claims/1664809-014) [mechanism/argued] -- Over time, extraterritorial US securities litigation may drive European jurisdictions to adopt portions of US law in order to discourage forum shopping, a form of legal assimilation.
  > portions of US law in order to discourage forum shopping.
  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
- [1664809-015](https://wulfkaal.github.io/claims/1664809-015) [mechanism/argued] -- Assimilation of US legal rules into European regulatory approaches may itself increase transaction costs for the jurisdiction that changes its law.
  > Assimilation of US legal rules in turn may result in increased
  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
- [1664809-016](https://wulfkaal.github.io/claims/1664809-016) [failure/argued] *(failure mode)* -- For European jurisdictions the extraterritorial application of US law creates confusion and legal uncertainty and makes it harder to regulate private parties who engage in regulatory arbitrage by taking their litigation to the United States when convenient.
  > US law can create confusion, legal uncertainty, and difficulties
  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

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/european-jurisdictions.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.