Venezuela Sees Lawsuit Dismissed Under FSIA

A company arguing that the Venezuelan government is preventing it from claiming US$400 million from the Lehman Brothers’ estate has seen its case thrown out by a New York court on grounds of lack of jurisdiction.

The Southern District Court of New York dismissed the case with prejudice on 27 January, ruling that there was no jurisdiction over the Venezuelan sovereign entities under the Foreign Sovereign Immunities Act (FSIA).

Originally published on the Latin Lawyer Website on February 19, 2014.

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Topics:  Jurisdiction, Lehman Brothers, Personal Jurisdiction, The Foreign Sovereign Immunities Act

Published In: Civil Procedure Updates, Finance & Banking Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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