Company: NCEL
Filing Date: 2025-05-16
Form Type: 20-F
Source: 0001213900-25-044868
Chunk: 60

Company: NewcelX Ltd.
Filing Date: 2025-05-16
Form: 20-F
Item: Item 3
Chunk 60
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 in certain U. S. companies or in a Swiss company listed in Switzerland.

U. S. shareholders may not be able to obtain
judgments or enforce civil liabilities against us or our senior management or members of our board of directors.

We are organized under
the laws of Switzerland and our registered office and domicile is located in Kloten (Zurich), Switzerland. Moreover, a majority of
our directors and senior management are not residents of the United States, and all or a substantial portion of the assets of such
persons are located outside the United States. As a result, it may not be possible for investors to effect service of process within
the United States upon us or upon such persons or to enforce against them judgments obtained in U. S. courts, including judgments in
actions predicated upon the civil liability provisions of the federal securities laws of the United States. We have been advised by
our Swiss counsel that there is doubt as to the enforceability in Switzerland of original actions, or in actions for enforcement of
judgments of U. S. courts, of civil liabilities to the extent solely predicated upon the federal and state securities laws of the
United States. Original actions against persons in Switzerland based solely upon the U. S. federal or state securities laws are
governed, among other things, by the principles set forth in the Swiss Federal Act on Private International Law. This statute
provides that the application of provisions of non-Swiss law by the courts in Switzerland shall be precluded if the result is
incompatible with Swiss public policy. Also, certain mandatory provisions of Swiss law may be applicable regardless of any other law
that would otherwise apply.

Switzerland and the United
States do not have a treaty providing for reciprocal recognition and enforcement of judgments in civil and commercial matters. The recognition
and enforcement of a judgment of the courts of the United States in Switzerland is governed by the principles set forth in the Swiss Federal
Act on Private International Law. This statute provides in principle that a judgment rendered by a non-Swiss court may be recognized in
Switzerland only if:

  the non-Swiss court had jurisdiction pursuant to the Swiss Federal Act on Private International Law;  

  the judgment of such non-Swiss court has become final and non-appealable;  

  the judgment does not contravene Swiss public policy;  

  the court procedures and the service of documents leading to the judgment were in accordance with the due process of law; and  

  no