4 ms·

Out of curiosity, in which legal system, is legally buying up stock months BEFORE an embargo is announced considered a crime? Retrospective law does not exist

• redis_mlc 6y ago
  The embargo started in May, 2019, so I guess we'll find out in 12 months. :)
• trhway 6y ago
  This [1] sounds like an embargo workaround which can get people to prison [IANAL] (for example those Russian immigrants [2] got arrested for doing similar thing with Xilinx chips few years ago) [1] "... Huawei has not been able to directly buy chips from American companies without special approval since last May. However, it has been able to continue building its inventory of American chips through other available channels -- such as local chip distributors and traders, or even asking its own suppliers to buy the chips for it, sources familiar with the matter said. Huawei has been willing to pay far higher prices than normal for the chips, despite the fact the company can only secure "off-the-shelf" versions without customization or technical support, they said." [2] https://www.justice.gov/usao-ndca/pr/san-francisco-man-and-company-indicted-smuggling-sophisticated-electrical-components https://www.justice.gov/usao-ndca/pr/san-francisco-man-and-c...
• dntbnmpls 6y ago
  > Retrospective law does not exist in civilised societies. They exist in "civilized" societies when it suits their interests. The most famous being the nuremburg trials. Edit: In case the downvoter truly didn't know ... https://en.wikipedia.org/wiki/Nuremberg_trials#Criticism https://en.wikipedia.org/wiki/Nuremberg_trials#Criticism