SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : George Gilder - Forbes ASAP -- Ignore unavailable to you. Want to Upgrade?


To: Morgan Drake who wrote (1426)5/3/1999 1:08:00 PM
From: quidditch  Read Replies (1) | Respond to of 5853
 
Morgan: Was it a question of not recognizing the judgment, or the hoops an investor would have to jump through in order to establish conditions for recognition. This type of "Enforcement of Civil Liabilities" disclosure is absolutely standard for any foreign private issuer offering securities in the US. Most foreign jurisdictions will recognize a judgment of a US court provided that certain formalities are observed and that certain wild card elements (e.g., the judgment does not offend the "public policy" of the state in question, whatever that policy might be). The real drawback, to which you allude, is the necessity for getting at assets located abroad the the not insignificant costs in doing so, assuming the issuer is not a fraudulent scheme to begin with.
In any event, as noted in my response to Cosmo's post, my query is not grounded in antitrust notions at all. Regards. Steven