There must be something lacking in this viewpoint, that US law is a liability for non-Americans, when you consider how entities around the world issue financial

There must be something lacking in this viewpoint, that US law is a liability for non-Americans, when you consider how entities around the world issue financial securities that are subject to US law when they could just not do that. I'm thinking, for example, of reading about Argentina issuing bonds governed by US law, in US currency.