This Note examines the background of foreign-cubed litigation,1 including its development over the past four decades, its abrogation by the Supreme Court, and its potential future under recently enacted legislation. The Note examines the tests developed by the Court of Appeals in order to determine whether a United States court could adjudicate foreign-cubed litigation. Additionally, it reviews the Supreme Court opinion in Morrison v. National Australia Bank and its ultimate rejection of the predominant Second Circuit test for applicability. Finally, the Note discusses “The Dodd–Frank Wall Street Reform and Consumer Protection Act,” a provision of which was specifically included to overturn the result in the Morrison decision, its potential impact on future foreign-cubed litigation, and how the courts, litigants, and foreign nations should look to proceed in its wake.
Morrison v. National Australia Bank: Life After Dodd-Frank,
16 Fordham J. Corp. & Fin. L. 573
Available at: http://ir.lawnet.fordham.edu/jcfl/vol16/iss3/3