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> I doubt they would have been able to do this work if they were based out of any other country

Here's a British one: https://en.wikipedia.org/wiki/Viceroy_Research

There were a _number_ of British and German ones involved in the whole Wirecard mess.

Hindenburg's probably the world's most prominent, but there's nothing about the model that inherently requires being in the US.




And those German short-sellers (and to a lesser extent their British counterparts) were aggressively bullied by their local government market regulators https://www.reuters.com/article/technology/germanys-long-lon...




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