Andre Dubai is the CEO of Lacota,a firm headquartered in Portugal.Lacota has acquired 10 companies in the United States.One of the companies is publicly traded on NASDAQ.Lacota does not have the reporting mechanisms,ethics codes,or board structure for its NASDAQ company that are required under U.S.laws for publicly traded companies.Dubai says that he and Lacota have sovereign immunity from U.S.laws.
A) Dubai is correct; the business is, for all purposes, located in Portugal.
B) Lacota cannot be forced to comply with U.S.securities laws because U.S.courts have no jurisdiction over it.
C) Dubai, Lacota, and their NASDAQ company must comply with U.S.laws.
D) both a and b
Correct Answer:
Verified
Q81: The Alternative Fines Act:
A)is an act used
Q82: Go-Video has developed a DVD recorder that
Q83: Actor Gerard Depardieu moved to Belgium in
Q84: Suppose Rich is required to pay a
Q85: Jake's Bikes and Boards has its main
Q87: Why are pirates so difficult to prosecute?
Q88: Jack Zettler,a resident of Germany,works as an
Q89: Sunoco Oil Company had long-term oil supply
Q90: PepsiCo entered into an agreement with the
Q91: Swenson's Ice Cream is doing business in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents