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Asset Seizure Sovereign Immunity

Foley Hoag LLP

Supreme Court Hears Oral Argument in Hungary v. Simon—The Court’s Anticipated Decision Could Clarify Important Aspects of the...

Foley Hoag LLP on

On December 3, 2024, the U.S. Supreme Court heard oral argument in Hungary v. Simon. As discussed in a previous client alert, the case concerns whether the U.S. Court of Appeals for the D.C. Circuit correctly allowed...more

Seyfarth Shaw LLP

Expropriation Limitation: U.S. Supreme Court Appears Skeptical of Jurisdiction Over Holocaust Seizure Claims

Seyfarth Shaw LLP on

On December 3, 2024, the U.S. Supreme Court heard argument in Republic of Hungary v. Simon. The case involves Hungary’s theft of valuable items from Jewish families during the Holocaust. The plaintiffs sued the Republic of...more

Jones Day

Kumtor Gold Challenges the Practical Application of the Automatic Stay's Global Reach

Jones Day on

Although the automatic stay contained in section 362 of the Bankruptcy Code theoretically extends worldwide, enforcing it against international creditors, particularly sovereigns, can present practical problems in its...more

K2 Integrity

From Sovereigns to Kleptocrats: The Challenges in Tracing Recoverable Assets

K2 Integrity on

Whether enforcing a judgment or an arbitration award, pursuing commercial debt, or recovering expatriated stolen assets, asset recovery requires time, resources, as well as a tightly managed and thoughtful recovery strategy....more

Faegre Drinker Biddle & Reath LLP

Supreme Court Decides Bank Markazi v. Peterson

On April 20, 2016, the Supreme Court decided Bank Markazi v. Peterson, No. 14-770, holding that Congress did not unconstitutionally infringe on the role of the judiciary when it passed the Iran Threat Reduction and Syria...more

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