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Preliminary meetings in New York are not enough for a state court to exercise long-arm jurisdiction over a foreign corporation for "transacting business" in the state, a Manhattan Supreme Court justice ruled. The contract dispute instituted by Samsung America over the purchase of a Peruvian steel mill will not be heard in New York because serious negotiations, including drafting and execution of the deal, took place in Peru.
June 26, 2000 at 12:00 AM
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The original version of this story was published on Law.Com
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