Optionality in Choice of Law
Choice-of-law clauses are sometimes described as tools for reducing legal uncertainty. This characterization, while correct, is incomplete. In cases where the suit is brought in a jurisdiction other than the one named in the choice-of-law clause, it is sometimes more accurate to think of the clause as an option. Either litigant may, if it so…
Continue ReadingWhy the Indictment Against Halkbank Must Be Dismissed
In 2019, the United States indicted Turkiye Halk Bankasi (Halkbank), a Turkish state-owned bank, alleging a multiyear scheme to evade U.S. sanctions against Iran by using fraudulent transactions to transfer the proceeds of oil and gas sales to Iran. Last month, the Supreme Court rejected Halkbank’s claim of immunity under the Foreign Sovereign Immunities Act…
Continue ReadingWho Owns the Stargazer?
Claims relating to the ownership of movable property generate an impressive amount of transnational litigation. In April 2022, the U.S. Supreme Court decided a long-running case about the ownership of a painting that had been expropriated by the Nazis in 1939. In July 2022, the U.S. District Court for the Northern District of New York…
Continue Reading