Company: LICN
Filing Date: 2025-01-29
Form Type: 424B5
Source: 0001213900-25-007741
Chunk: 182

Company: Lichen International Ltd
Filing Date: 2025-01-29
Form: 424B5
Chunk 182
---
 whether the courts of the Cayman Islands would (1) recognize or enforce judgments of United
States courts obtained against the Company or its directors or officers predicated upon the civil liability provisions of the securities
laws of the United States or any state in the United States, or (2) entertain original actions brought in the Cayman Islands against the
Company or its directors or officers predicated upon the securities laws of the United States or any state in the United States. Furthermore,
our counsel as to Cayman Islands law has advised us that, as of the date of this prospectus, no treaty or other form of reciprocity exists
between the Cayman Islands and United States governing the recognition and enforcement of judgments.

Our counsel as to Cayman Islands law has informed
us that the uncertainty with regard to Cayman Islands law relates to whether a judgment obtained from the United States courts under civil
liability provisions of the securities laws will be determined by the courts of the Cayman Islands as penal or punitive in nature. If
such a determination is made, the courts of the Cayman Islands will not recognize or enforce the judgment against a Cayman company. As
the courts of the Cayman Islands have yet to rule on whether such judgments are penal or punitive in nature, it is uncertain whether they
would be enforceable in the Cayman Islands.

Our counsel as to Cayman Islands law has further advised us that although
there is no statutory enforcement in the Cayman Islands of judgments obtained in the United States, a judgment obtained in the United
States will be recognized and enforced in the courts of the Cayman Islands at common law, without any re-examination of the merits of
the underlying dispute, by an action commenced on the foreign judgment debt in the Grand Court of the Cayman Islands, provided such judgment
(1) is given by a foreign court of competent jurisdiction, (2) imposes on the judgment debtor a liability to pay a liquidated sum for
which the judgment has been given, (3) is final, (4) is not in respect of taxes, a fine or a penalty and (5) was not obtained in a manner
and is not of a kind the enforcement of which is contrary to natural justice or the public policy of the Cayman Islands.

<div align='center'>56

INCORPORATION OF DOCUMENTS BY REFERENCE</div>

The SEC allows us to “incorporate by reference”
into this prospectus the documents we file with, or furnish to, it, which