US TRUST LAWS
March 1st, 2004
Keith NuthallTHE INTERNATIONAL Chamber of Commerce (ICC) is fighting a legal decision it fears could make United States courts de facto global anti-trust regulators, even in cases with no direct impact on the USA. It has asked the US Supreme Court to overturn a DC Court of Appeals ruling allowing non-US plaintiffs to bring foreign anti-trust claims to American courts claiming a case might have a "direct, substantial, and reasonably foreseeable effect on US domestic or foreign commerce." The ICC concluded: "If the ruling (stands), the United States will become the ...
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