Germany

The German Federal Supreme Court dismisses claim by bondholders against Greece, denying jurisdiction on grounds of state immunity

The German Federal Supreme Court (Bundesgerichtshof) recently held that creditors cannot bring claims against the Hellenic Republic before the German courts in the context of Greece's debt restructuring in 2012 , finding that Greece enjoys immunity from jurisdiction before the … Continue reading

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Filed under Germany, Sovereign Immunity/State Immunity, State Immunity

The EU publishes amended guidance on financial sanctions

The Council of the European Union recently published a revised version of the EU Best Practices for the effective implementation of restrictive measures.  The guidance it contains provides some clarification of the many issues which arise in practice for both Member States … Continue reading

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Filed under EU, France, Germany, Liechtenstein, Sanctions, Spain, UK