	mcdermott mdr says stake violates law mcdermott international inc said the purchase of a pct block of its stock was an apparent violation of the laws of panama its country of incorporation the company said a detailed disclosure of an uisition offer must be made to the panamanian national securities commission or to the target s board before uiring more than five pct stake it said transfers of securities in violation of these panamanian regulations are invalid the company was not immediately available to say who had uired the pct block of stock reuter 
