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The Bank of Nova Scotia appeals from an order of the United States District Court for the Southern District of Florida holding the Bank of Nova Scotia in civil. The Canadian lender will purchase roughly million shares of KeyCorp's common stock in two tranches with the final purchase to be completed in the first. NEWARK, N.J. � The Bank of Nova Scotia (Scotiabank), a Toronto, Canada One of the traders, Corey Flaum, 42, of Delray Beach, Florida.

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Second, the affront to the Bahamas occurs no matter where the information is originally located; the interest of the Bahamas in preserving the secrecy of these records is impinged by the fact of disclosure itself. The Bahamian government has not acted to prevent the Bank from complying with the subpoena. Section 40 reads: Limitations on Exercise of Enforcement Jurisdiction Where two states have jurisdiction to prescribe and enforce rules of law and the rules they may prescribe require inconsistent conduct upon the part of a person, each state is required by international law to consider, in good faith, moderating the exercise of its enforcement jurisdiction, in the light of such factors as a vital national interests of each of the states, b the extent and the nature of the hardship that inconsistent enforcement actions would impose upon the person, c the extent to which the required conduct is to take place in the territory of the other state, d the nationality of the person, and e the extent to which enforcement by action of either state can reasonably be expected to achieve compliance with the rule prescribed by that state. Payner , U. This court is cognizant that international friction has been provoked by enforcement of subpoenas such as the one in question.

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