Litigating a Russian Bond Default
The Russian invasion of Ukraine, and the sanctions imposed in response by the United States and other governments, have fueled expectations of a Russian sovereign debt default. Despite the Russian government’s recent coupon payments on two dollar bonds and apparent desire to avoid default, prices remain in deeply distressed territory. As often happens in such…
Continue ReadingD.C. Circuit Addresses FSIA in Hungarian Art Case
Last month, the D.C. Circuit addressed several important questions under the Foreign Sovereign Immunities Act (FSIA) in its latest decision in De Csepel v. Republic of Hungary, a long-running suit to recover art expropriated during the Second World War. The court held that the defendant Hungarian National Asset Management Inc. (MNV) was subject to jurisdiction…
Continue ReadingJam v. IFC: Secondary Liability in Transnational Disputes
Later this month, the U.S. Supreme Court will consider a petition for a writ of certiorari in Jam v. International Finance Corp., a case that raises important questions about United States jurisdiction over cross-border disputes. The case most immediately involves the scope of sovereign immunity where a foreign state or international organization takes actions in the United States that contribute to tortious conduct overseas. But the case also has broader implications for secondary liability generally.
Continue ReadingForeign Dictators in U.S. Courts
From Augusto Pinochet to Jiang Zemin and Ferdinand Marcos, foreign dictators have for decades faced a range of claims in U.S. courts. But there is also a line of cases in U.S. courts involving dictators as plaintiffs. Over the last decade, authoritarian governments from China, Russia, Turkey, and Venezuela have used the U.S. judicial system to file frivolous claims against political opponents. And these claims appear to be mainly a harassment technique against dissidents and media outlets based in the United States.
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