证券跨国发行与交易中的法律适用问题研究.doc

1 1 22 3Consolidated Gold Fields PLC. v. Minorco 25% ADR 4 3 5IIT v. CapITT directmaterial IIT v. CornfeldIIT Continental GainAustr aliaPty. Ltd. v. Pacific Oilseeds Inc materiality direct causationSEC v. Kasser Zoelsch v. Arthur Anderson Co. 6!-empirenews.page- . 1 7 8 1234 92 1994103 11 19901939301111995 Fair Trade in Financial Services !-empirenews.page-4 1982 560 19661967 19711972 19741978 1979131982 19871992 12 1 2 3 . 1 58 1345 246 !-empirenews.page-2lex personalis 199781 06 abc 28 45 57 3lex loci actus 14 31 45 23 064 27 20 28 5 105 1234 . !-empirenews.page-1 1 2 3 45 6 78 2 1 .2 3 29 15 83 283101 !-empirenews.page- 1 2 a b cd e1 1997911232 Travis v. A nthesSee P.A.Loomis Jr.R.W.GrantThe U.S. Securities and Exchange Commission Financial Institutio ns Outside the U.S. and Extraterritorial Application of the U.S. Securities Laws 1 Journal of Comparative Corporation Law and Securities Regulation 141978 3 See Loss and SelinmanFundamentals of Securities Regulatioon 3rd edLittle Brown and Co.1995P1272.4 Ber sch v. Drexel firestone Inc 519F.2d 9742d Cir. 1975 Des Brisay v. Goldfield Corp. 549F.2d 1389th Cir.1977Alfadda v. Fenn 935F. 2d 475 4782d Cir.1991 Kaufman v. Campeau Corp. 744 F.Supp.808809S.D.Ohio 1990 and McG Inc. v. G reat Western Energy 896 F.2d 170 173-745th Cir1990See Gunnar Schster Ext raterritoriality of Secunties Laws An Economic Analysis of Jurisdictional Confl icts 26 Laws and Policy in International Business 18819945 1234 19884 preparatorysign ificant !-empirenews.page-6 Psimenos v. E.F.H utton & Co. Inc. 722 F. 2d 1041 2d Cir. 1983 Grunenthal GmbH v. Hotz 712 F . 2d 421 9th Cir. 1983 AVC Nederland B.V. v. Atrium Investment Partmnership 740 F. 2d 1482d Cir. 1984 See Gunnar Schuster Extraterritoriality of Securit ies Laws An Economic Analysis of Jurisdictional Conflicts 26 Law and Policy in International Business 18419947 See William S.Dodge Extraterritorial ity and Conflict-o