District Court Applies Securities Fraud Provision to Foreign Transactions
Does § 10(b) of the Securities Exchange Act apply to securities on foreign exchanges? Generally, the answer is no. The Supreme Court held in Morrison v. National Australia Bank (2010) that § 10(b)—the Act’s principal antifraud provision—applies only to transactions on U.S. exchanges and to transactions in unlisted securities that occur in the United States….
Continue ReadingTeaching Conflict of Laws at U.S Law Schools
To kick off 2025, I thought it would be interesting to look at how many top U.S. law schools offer a course in Conflict of Laws. While the topics covered here at TLB overlap with those covered in several traditional law school courses—including Civil Procedure, International Business Transactions, and International Law—significant overlap exists with respect…
Continue ReadingThe Most-Viewed TLB Posts of 2025
To celebrate the end of another year at TLB, I wanted to highlight the posts that received the most views in 2025. A Primer on Choice-of-Law Clauses A Primer on Choice of Law Choice-of-Law Methodologies: Updating the List A Primer on Forum Selection Clauses The $24 Billion Judgment Against China in Missouri’s COVID Suit A…
Continue ReadingHappy New Year!
TLB will be on winter break until January 7, 2025. We wish you all the best in the new year!
Continue ReadingAll I Want for Christmas (from the Federal Courts)
Rounding out this week’s posts by John Coyle and Bill Dodge, here’s my wish list for the lower federal courts (plus a bonus plea to the Supreme Court). Stop Violating Rule 4(f) and the Hague Service Convention Rule 4(f) of the Federal Rules of Civil Procedure authorizes service of process on defendants “at a place…
Continue ReadingAll I Want for Christmas (from the Supreme Court)
Following up on John Coyle’s post yesterday, I’ve prepared my own list of things I wish courts in the United States would do differently in transnational litigation. 1. Abandon the U.S.-Conduct Requirement for the Presumption Against Extraterritoriality The Supreme Court uses a presumption against extraterritoriality to determine the geographic scope of federal statutes. There have…
Continue ReadingAll I Want for Christmas (Forum Selection Clause Edition)
As the holidays approach, TLB editors have prepared lists of things that they wish courts in the United States would do differently on the subject of transnational litigation. In this post, I revisit one of my favorite subjects—forum selection clauses—to identify some reforms that would make my Christmas exceptionally merry. 1. Stop Asserting Personal Jurisdiction…
Continue ReadingArbitration Enforcement and Consent
This Term, the Supreme Court will hear a case that could have profound ramifications for international arbitration: CC/Devas (Mauritius) Ltd. v. Antrix Corp. Ltd. The petitioners are seeking to enforce an arbitration award they won against a state-owned company in India. The district court enforced the award, relying on the New York Convention and the…
Continue ReadingSuing Over the Price of Gas
The Organization of Petroleum Exporting Countries (OPEC) was established in 1960 “to ensure the stabilization of prices by, among other means, the regulation of production.” On one level, OPEC is simply a cartel engaged in anticompetitive behavior. On another level, it is an organization of nation-states that plays a significant role in world politics. Since…
Continue ReadingRevising Forum Non Conveniens Through § 1404?
I have written more than anyone probably should about forum non conveniens (FNC), but much of it boils down to some commonsense updating of the Gulf Oil factors: acknowledge the effects of changing technology, particularly on travel; require defendants to be specific about their evidentiary burdens; don’t overweight choice-of-law difficulties or docket congestion; don’t second…
Continue Reading