Re: export restictions and investments

[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