Company: ABLV
Filing Date: 2025-02-14
Form Type: F-3
Source: 0001213900-25-014400
Chunk: 51

Company: Able View Global Inc.
Filing Date: 2025-02-14
Form: F-3
Chunk 51
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We have been advised by Harney Westwood &
Riegels that although there is no statutory enforcement in the Cayman Islands of judgments obtained in the federal or state courts of
the United States (and the Cayman Islands are not a party to any treaties for the reciprocal enforcement or recognition of such judgments),
the Grand Court of the Cayman Islands will at common law enforce final and conclusive in personam judgments of state and/or federal
courts of the United States of America (the Foreign Court) of a debt or definite sum of money against the Company (other than a sum of
money payable in respect of taxes or other charges of a like nature, a fine or other penalty (which may include a multiple damages judgment
in an anti-trust action) or where enforcement would be contrary to public policy). The Grand Court of the Cayman Islands will also at
common law enforce final and conclusive in personam judgments of the Foreign Court that are non-monetary against the Company, for
example, declaratory judgments ruling upon the true legal owner of shares in a Cayman Islands company. The Grand Court of the Cayman Islands
will exercise its discretion in the enforcement of non-money judgments by having regard to the circumstances, such as considering whether
the principles of comity apply. To be treated as final and conclusive, any relevant judgment must be regarded as res judicata by the Foreign
Court. A debt claim on a foreign judgment must be brought within six years of the date of the judgment, and arrears of interest on a judgment
debt cannot be recovered after six years from the date on which the interest was due. The courts of the Cayman Islands are unlikely to
enforce a judgment obtained from the Foreign Court under civil liability provisions of U.S. federal securities law if such a judgment
is found by the courts of the Cayman Islands to give rise to obligations to make payments that are penal or punitive in nature. Such a
determination has not yet been made by the Grand Court of the Cayman Islands. A court of the Cayman Islands may stay enforcement proceedings
if concurrent proceedings are being brought elsewhere. A judgment entered in default of appearance by a defendant who has had notice of
the Foreign Court’s intention to proceed may be final and conclusive notwithstanding that the Foreign Court has power to set aside
its own judgment and despite the fact that it may be subject to an appeal the time-limit for which has not yet expired. The Grand Court
of the Cayman Islands may safeguard the defendant