obstacle preemption

The principle that federal or state law can supersede or supplant state or local law that stands as an obstacle to accomplishing the full purposes and objectives of the overriding federal or state law.

— Also termed conflict preemption.

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词条贡献者

译者Wendy，欧洲知名商学院国际金融专业，擅长翻译各种与私募基金相关的法律文件。