Russ Boyd $50K HORSE entrant

[Myrtle]

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I agree with your response & would add.....businesses are governed by the laws of the state/country within which they were formed.

In this case, we are talking about a system of law in a foreign country, so at best, without specific working knowledge of that system, we're all chasing our tails.

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Yes, this is true of course, and why I added the caveat "under U.S. law." I'm assuming this was based in an English Common law country with similar laws to those of the U.S regarding corporations and partnerships, but if not, then all bets are off.

Edit: But even if this is not the case, there are still other causes of action concievably available against Boyd, even if you sued him in the U.S., on theories of fraud, etc. (It would be possible to get American Jurisdiction over this through a long-arm statute).

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....missed your caveat. Thanks for the clarification.