On October 22, 2024, the Second Circuit Court of Appeals affirmed the Southern District of New York’s decision denying the motion of Turkiye Halk Bankasi A.S. (“Halkbank”), a commercial bank that is majority owned by the...more
The United States Supreme Court has rejected arguments made by Turkiye Halk Bankasi A.S. (“Halkbank”) that, as a majority state-owned bank and thus an agency or instrumentality of the Republic of Türkiye, it enjoys immunity...more
On October 3, 2022, the United States Supreme Court granted certiorari in Turkiye Halk Bankasi A.S. v. United States, No. 21-1450 (“Halkbank”), to determine whether federal courts have subject-matter jurisdiction over...more
10/14/2022
/ Certiorari ,
Corporate Counsel ,
Economic Sanctions ,
Foreign Banks ,
Foreign Sovereign Immunities Act of 1976 (FSIA) ,
Foreign Sovereigns ,
Fraud ,
Iran ,
Jurisdiction ,
Money Laundering ,
SCOTUS ,
Subject Matter Jurisdiction ,
Turkey
In its latest decision interpreting the Foreign Sovereign Immunities Act (FSIA), the U.S. Supreme Court made clear that any claim of immunity by a foreign state must rise or fall based on the text of the FSIA. Because the...more
In its latest decision interpreting the Foreign Sovereign Immunities Act (FSIA), the Supreme Court made clear that any claim of immunity by a foreign state must rise or fall based on the text of the FSIA. Because the FSIA...more
6/17/2014
/ Debt Restructuring ,
Discovery ,
Foreign Official ,
Foreign Sovereign Immunities Act of 1976 (FSIA) ,
Immunity ,
Injunctions ,
Jurisdiction ,
NML v Argentina ,
Pari Passu ,
SCOTUS ,
Sovereign Immunity