The Supreme Court on Wednesday ruled that the U.S. criminal prosecution of a Turkish bank for allegedly evading sanctions against Iran can move forward. The high court ruled that Halkbank, which is largely owned by the Turkish government, is not immune from facing the prosecution in U.S. courts under federal protections for foreign sovereigns. The justices, however, sent the case back to the lower courts to consider the bank’s argument that the common law prohibits the prosecution, finding that the 2nd U.S. Circuit Court of Appeals did not fully consider that argument. “Relying on the Foreign Sovereign Immunities Act, Halkbank contends that it enjoys immunity from criminal prosec
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