{"id":792,"date":"2010-12-02T15:23:50","date_gmt":"2010-12-02T15:23:50","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2010\/12\/federal_and_state_securities_a"},"modified":"2022-03-28T10:29:43","modified_gmt":"2022-03-28T15:29:43","slug":"federal-and-state-securities-a","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/federal-and-state-securities-a\/","title":{"rendered":"Federal and State Securities Acts\u2019 Anti-Waiver Provisions Did Not Bar International Forum Selection Clause\u2019s Enforcement, Says Texas Court of Appeals"},"content":{"rendered":"<p>\t\t\t\tThe Court of Appeals of Texas has held that in a shareholder agreement regarding the purchase of company stock, the federal and state Securities Acts anti-waiver provisions did not bar the enforcement of an international forum selection clause. The parties had consented to the exclusive jurisdiction of courts in Ontario, Canada to adjudicate any disputes stemming from or related to the shareholder agreement or\/and the purchase, sale or holding of company common shares. Securities laws were only impacted where parties exercised their rights to voluntarily take part in a contract mandating that lawsuits be brought in courts and under another country&#8217;s laws. Also, public policy was in strong favor of enforcing forum selection clauses. <\/p>\n<p>Commenting upon the ruling, Shepherd Smith Edwards and Kantas Founder and <a href=\"https:\/\/www.investorlawyers.com\/william-s-shepherd.html\">Stockbroker Fraud Attorney William Shepherd<\/a> noted: &#8220;The vast majority of securities loss claims filed in the past 20 years have been decided in arbitration.  With international arbitration forums becoming more prevalent as economies globalize, this change was inevitable.  It is very important for investors to hire attorneys with experience in securities arbitration to seek recovery of securities losses. Over the past 20 years, our firm has represented thousands of investors nationwide \u2013 and worldwide \u2013 in securities arbitration.&#8221;  <\/p>\n<p><strong>Related Web Resources: <\/strong><br \/>\nYoung v. Vault.X Holdings, Inc.<\/p>\n<p><a href=\"https:\/\/www.finra.org\/ArbitrationMediation\/\">Arbitration and Mediation<\/a>, FINRA  <a href=\"https:\/\/www.investorlawyers.com\/blog\/federal-and-state-securities-a\/#more-792\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Court of Appeals of Texas has held that in a shareholder agreement regarding the purchase of company stock, the federal and state Securities Acts anti-waiver provisions did not bar the enforcement of an international forum selection clause. The parties had consented to the exclusive jurisdiction of courts in Ontario, Canada to adjudicate any disputes [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3741,3750],"tags":[],"class_list":["post-792","post","type-post","status-publish","format-standard","hentry","category-securities-fraud","category-texas-securities-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Federal and State Securities Acts\u2019 Anti-Waiver Provisions Did Not Bar International Forum Selection Clause\u2019s Enforcement, Says Texas Court of Appeals &#8212; Investor Lawyers Blog &#8212; December 2, 2010<\/title>\n<meta name=\"description\" content=\"The Court of Appeals of Texas has held that in a shareholder agreement regarding the purchase of company stock, the federal and state Securities Acts &#8212; December 2, 2010\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/federal-and-state-securities-a\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Federal and State Securities Acts\u2019 Anti-Waiver Provisions Did Not Bar International Forum Selection Clause\u2019s Enforcement, Says Texas Court of Appeals &#8212; Investor Lawyers Blog &#8212; December 2, 2010\" \/>\n<meta name=\"twitter:description\" content=\"The Court of Appeals of Texas has held that in a shareholder agreement regarding the purchase of company stock, the federal and state Securities Acts &#8212; December 2, 2010\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Federal and State Securities Acts\u2019 Anti-Waiver Provisions Did Not Bar International Forum Selection Clause\u2019s Enforcement, Says Texas Court of Appeals &#8212; 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