Post #2419805
2024-03-08 10:25 UTC
@zbrando@social.vivaldi.net @elessar@social1.ortolo.eu @rustyshelf@mastodon.social it is in this case because it's not a question of where they're doing business, but where their stock is traded. An American company, with stock traded on an American stock exchange, with American shareholders is bound by American laws when it comes to the relationship between the company and the shareholders
Replies (1)
-
@elessar@social1.ortolo.eu 2024-03-08 10:38
@neatchee@urusai.social @zbrando@social.vivaldi.net @rustyshelf@mastodon.social Does that mean an American company is legally supposed to violate other countries' laws when they know it would lead to more profit? This seems doubtful. In this case, let is suppose, for the sake of argument, that not complying with the DSA would lead to more profit than complying (which is probably really not the case, considering the fines at stake). Do you mean that, in such a case, the US law requires that they violate the DSA? If so, this is frightening, when applied to oil companies operating in third world countries for instance.