Supreme Court Asks for the Views of the Solicitor General in FSIA Case
This morning, the Supreme Court called for the views of the Solicitor General in Blenheim Capital Holdings Ltd. v. Lockheed Martin Corp., a case about the interpretation of Foreign Sovereign Immunities Act’s (FSIA) commercial activities exception. The Fourth Circuit held that South Korea’s purchases of military aircraft and satellites do not fall within the exception because…
Continue ReadingSecond Circuit Again Limits Extraterritorial Reach of Commodity Exchange Act
In Laydon v. Coöperatieve Rabobank U.A., the Second Circuit once again held that the Commodity Exchange Act (CEA) does not apply to futures contracts traded on U.S. exchanges that are tied to the values of foreign commodities. Although the transactions in this case undoubtedly occurred in the United States, the court held that the claims…
Continue Reading