The ruling, Morrison et al v National Australia Bank Ltd et al, was significant, and has sent those affected by the decision looking for alternative jurisdictions to settle claims. “What this has created is a swelling of investors outside the US who are looking to other jurisdictions where possible to lay claims for securities fraud,” explains DLA Piper partner Richard Hans. The leading contender as an alternative venue has proven to be the Netherlands.
‘Enforcement 40’ for 2020
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