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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Sovereign Wealth Fund Not Immune From U.S. Securities Fraud Suit

Posted on 14 March 2016

A U.S. court has ruled that a sovereign wealth fund is subject to U.S. securities fraud claims when U.S. investors rely on misrepresentations by the fund. Foreign investors can bring a claim if they can show a U.S. investor was harmed.
This recent decision offers reassurance to companies doing business with sovereign wealth funds that they have a forum for the resolution of disputes in the U.S. when the fund’s conduct “causes a direct effect in the United States.”……………………………………….Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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