$16 billion judgment against Argentina reversed: breach of contract or expropriation?
Private investors in an Argentinian oil company (YPF) sued in the Southern District of New York when Argentina nationalized part of the ownership in YPF. Years of ensuing litigation under the Foreign Sovereign Immunities Act (FSIA) focused on whether the litigation was based on an expropriation (as the defendants argued) or a “commercial activity” (as…
Continue ReadingD.C. Circuit Remands Helms-Burton Case Against Cimex
Exxon (then Standard Oil) owned several subsidiaries in Cuba that were expropriated without compensation by the Cuban government in 1960. In 1996, Congress enacted the Cuban Liberty and Democratic Solidarity Act (CLDS), which permits suits by U.S. plaintiffs against those who traffic in property confiscated by the Cuban government. Exxon has sued Cuban state-owned companies…
Continue ReadingPGA v. LIV: Golf, Discovery, Immunity and PIF — The Saudi Arabian Sovereign Wealth Fund
Just as the competition between PGA Tour and LIV Golf has divided the golf world, so too may the immunity issues raised by the litigation divide legal experts. Sadly, this post is pretty weak in terms of golf puns – par for the course in legal writing about immunities – but it does address interesting…
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