States as international persons — In general — Recognition of acts of foreign States and governments — Principle of non — recognition of foreign penal legislation — The law of England

Jurisdiction — In general — Territorial — Territorial limits of jurisdiction — Appointment by United States court of a receiver to take charge of English assets of company registered in the Bahamas — Appointment of receiver part of proceedings brought by United States Securities and Exchange Commission under Securities Exchange Act — Whether appointment within the jurisdiction of the United States courts — Principle that English courts will not give effect to foreign penal laws — The law of England