[90585] in Cypherpunks
Re: export restictions and investments
daemon@ATHENA.MIT.EDU (Steve Schear)
Thu Nov 20 13:03:02 1997
In-Reply-To: <199711190359.WAA10764@sulphur.osf.org>
Date: Thu, 20 Nov 1997 08:46:19 -0800
To: Rich Salz <rsalz@opengroup.org>, jk@stallion.ee
From: Steve Schear <schear@lvdi.net>
Cc: cryptography@c2.net, cypherpunks@toad.com
Reply-To: Steve Schear <schear@lvdi.net>
At 10:59 PM -0500 11/18/1997, Rich Salz wrote:
>>How do the US export restrictions affect investments into non-US crypto
>>companies? Is it legal for US private persons or companies to invest
>>money into companies developing strong crypto applications for example in
>>Europe?
>
>We got an official legal opinion, which was that wholly-owned subsidiaries
>of US entities are subject to US regulations in this area.
Does that equally apply to foreign corporations owned partially or fully by U.S. citizens, as is the case I believe for C2's Anguillan corporation?
--Steve
