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Non-Dollar Trade Could Curtail the Global Reach of U.S. Sanctions and Other Laws

  • August 29, 2015
American economic and financial heft facilitates the extraterritorial reach of U.S. law. For example, global transactions that are denominated in U.S. dollars and processed through the U.S. financial system “touch” the United States, come within its jurisdiction and create a jurisdictional nexus to foreign parties, property and events associated with those transactions.
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