Tagged: sovereign immunity

Supreme Court Authorizes Criminal Prosecution of Foreign State-Owned Entities

Supreme Court Authorizes Criminal Prosecution of Foreign State-Owned Entities

The Supreme Court rejected a challenge by Halkbank, a Turkish state-owned bank, to its criminal prosecution for anti-money laundering violations and evasion of Iran Sanctions.  In a 7-2 decision, authored by Justice Kavanaugh, the Supreme Court rejected Halkbank’s claim that it was immune from U.S. federal criminal prosecution.  The Supreme Court remanded the case back to the Second Circuit to consider whether the common law...