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Re: export restictions and investments

To: [email protected], [email protected]
Subject: Re: export restictions and investments
From: Rich Salz <[email protected]>
Date: Tue, 18 Nov 1997 22:59:00 -0500 (EST)
Cc: [email protected], [email protected]
Sender: [email protected]


>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.

>Since Sun bought the Russian Elvis+ company

Are you really sure that they bought it all? That would go against what
we had been told, and I have a great deal of respect for the legal/crypto
expertise of "Barry an Jay" at the Washington, DC, law office of Hale & Dorr.
	/r$

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