Company: SLMT
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-044434
Chunk: 20

Company: Brera Holdings PLC
Filing Date: 2025-05-15
Form: 20-F
Item: Item 3
Chunk 20
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 U.S. federal or state securities laws. The United States currently does not have a treaty with Ireland providing for the reciprocal recognition and enforcement of judgments in civil and commercial matters. Therefore, a final judgment for the payment of money rendered by any U.S. federal or state court based on civil liability, whether or not based solely on U.S. federal or state securities laws, would not automatically be enforceable in Ireland. A judgment obtained against us will be enforced by the courts of Ireland if the following general requirements are met:

●   U.S. courts must have had jurisdiction in relation to the particular defendant according to Irish conflict
           of law rules (the submission to jurisdiction by the defendant would satisfy this rule); and        
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●   the judgment must be final and conclusive and the decree must be final and unalterable in the court which
                                                  pronounces it.                                             
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A judgment can be final and conclusive even if it is subject to appeal or even if an appeal is pending. But where the effect of lodging an appeal under the applicable law is to stay execution of the judgment, it is possible that in the meantime the judgment may not be actionable in Ireland. It remains to be determined whether a final judgment given in default of appearance is final and conclusive. Irish courts may also refuse to enforce a judgment of the U.S. courts that meets the above requirements for one of the following reasons:

●   the judgment is not for a definite sum of money;
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●   the judgment was obtained by fraud;
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●   the enforcement of the judgment in Ireland would be contrary to natural or constitutional justice;
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●   the judgment is contrary to Irish public policy or involves certain U.S. laws that will not be enforced
                                                 in Ireland; or                                            
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●   jurisdiction cannot be obtained by the Irish courts over the judgment debtors in the enforcement proceedings
        by personal service in Ireland or outside Ireland under Order 11 of the Irish Superior Courts Rules.    
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As an Irish company, we are principally governed by Irish law, which differs in some material respects from laws generally applicable to U.S. corporations and shareholders, including, among others, differences relating to interested director and officer transactions and shareholder lawsuits. Likewise, the duties of directors and officers of an Irish company generally are owed to the company only. Shareholders of Irish companies generally do not have a personal right of action against directors or other officers of the company and may exercise such rights of action on behalf of the company only