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Newsletter May 2012: Extra-territorial laws discouraging expansion

Simon Turmaine | May 21, 2012

LONDON – More than half (53%) of financial firms have decided not to enter an overseas jurisdiction, or have left one, as a direct result of the cost of extra-territorial regulation, where the rules of one country are imposed on firms based in another, according to a survey by risk and business consulting firm Protiviti.

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