The Supreme Court ruled that U.S. courts did not have jurisdiction over cases where securities fraud happened outside of the United States as was argued in the case concerning U.S. shareholder losses attributable to buying shares of the Australian bank (shares were traded on the AustraliaStockExchange Ltd.).
Since 2001 Australia's stockexchange has had a system in place called ASX World Link, which is intended to let Australian and U.S. investors trade selected stocks on each other's stock markets in their own currency.
NSX, which has transferred most BSX-listed companies to the National StockExchange of Australia, intends to use the BSX's license for a new Sydney-based exchange known as SIM VSE that targets clean-technology, biotech and renewable-energy companies.