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Part IV Extraterritoriality and US Law, 22 Transnational Issuer Liability After the Financial Crisis: »

Wolf-Georg Ringe, Alexander Hellgardt
From: Extraterritoriality and Collective Redress
Edited By: Duncan Fairgrieve, Eva Lein
22.01 In today’s world, the pursuit of collective litigation almost invariably comes in an international context. Not only do securities issuers operate across boundaries, but also investors increasingly target foreign markets. Against this backdrop, a prominent market deterioration like the recent crisis brings liability questions to the surface which are no longer confined to simply one jurisdiction, but rather span the globe.2 22.02 In this context, one question comes into the limelight, which had somehow been neglected in the legal discussion thus far: in view...