New Jersey Law Reports Volume 91

New Jersey Law Reports Volume 91

By (author) 

List price: US$9.51

Currently unavailable

Add to wishlist

AbeBooks may have this title (opens in new window).

Try AbeBooks

Description

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918 edition. Excerpt: ...foreign governments, if they are governmental agencies, may come into New Jersey regardless of any restrictions imposed by our statutes since we shall be unable to enforce our own laws by judicial proceeding against them. and upon the same principle the United States government will be unable to enforce acts of congress. Since a foreign government may make any corporation a governmental agency. fiscal. commercial or otherwise, it will rest entirely with foreign governments 'whether they will clothe their own corporations with the extremely valuable privilege of immunit_v from judicial proceedings, a privilege so valuable that domestic corporations of our own creation compellable to pay their debts by means of judicial process, would have no chance in the race of competition. Our corporations would be actually subject to the restraint of our statutes: foreign corporations would be only nominally subject thereto. 91 N. J. L. Molina v. Com. Reg. Del Mercado Henequen. If we are to go further and extend this immunity to foreign corporations, in which foreign governments are indirectly interested because they contribute to the prosperity of the country, as suggested in the letter of the Mexican ambassador, nothing will be left for our own citizens to do except to avail themselves of the same privilege in foreign lands and conduct their affairs abroad where they may hope for at least an equal chance. I think it safe to say that no authority can be found in the books for the proposition that foreign corporations which happen to be governmental agencies are immune from judicial process. None of the reasons given for the immunity of sovereigns are applicable to corporations, whether governmental agencies or not. The importance of preserving...show more

Product details

  • Paperback | 260 pages
  • 189 x 246 x 14mm | 472g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 123678846X
  • 9781236788467