The Supreme Court Weighs Whether the Government Can Take a Bad Bank to Court ...Middle East

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It’s been an interesting week for everyone who’d prefer international financial institutions to not do crimes—and not just because the world’s plutocratic elites are meeting in Davos for their annual “What schemes will we come up with next?” confab. The Supreme Court appeared reluctant to rule that a Turkish state-owned bank couldn’t be prosecuted in U.S. courts during oral arguments on Tuesday, but gave no clear signs of where and how they would draw a line on legal immunity for foreign state-run entities in U.S. courts.Sovereign immunity generally prohibits the Justice Department and U.S. states from suing or prosecuting foreign governments in U.S. courts. At issue in Turkiye Halk Bankasi

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