The Supreme Court has issued two decisions that clarify the limitations of general and specific jurisdiction over a non-resident defendant. A
The U.S. Court of Appeals for the Ninth Circuit recently issued its decision in Bauman v. DaimlerChrysler Corp., __ F.3d __, 2011 WL 1879210 (C.A.9(Cal.)), which expands the use of “agency theory” to impose general jurisdiction over foreign corporations solely based on the domestic business activities of their U.S. subsidiaries.
The Wall Street Reform and Consumer Protection Act approved by Congress and set to be signed into law by President Obama next week contains a whistleblower provision that will have a significant impact on Securities and Exchange Commission (SEC) enforcement of the Foreign Corrupt Practices Act (FCPA).