The British-U.S. Memorandum of Understanding of 1986: Implications after Warner

Authors

J. Scott Colesanti, Maurice A. Deane School of Law at Hofstra UniversityFollow

Document Type

Article

Publication Title

Fordham International Law Journal

Publication Date

1987

Abstract

This Note argues that the British decision in In re an Inquiry Under the Company Securities (Insider Dealing) Act 1985 (Warner) has impaired British investigatory efforts in securities fraud cases and hampered future American requests for information under the MOU. Part I of this Note discusses the MOU and the events attending its passage. Part II analyzes the Warner decision and discusses relevant British and American regulatory procedures. Part III examines the MOU's flaws and presents an alternative that would assure the obligation of both British and American Authorities to investigate and to comply with the MOU.

Recommended Citation

J. Scott Colesanti, The British-U.S. Memorandum of Understanding of 1986: Implications after Warner, 11 Fordham Int'l L.J. 110 (1987)
Available at: https://scholarlycommons.law.hofstra.edu/faculty_scholarship/689