A branch of Halkbank in Istanbul, Turkey. Photo: Alexandros Michailidis/shutterstock SCOTUS Decision in Halkbank Case, a Win for DOJ, Could Put State-Owned Foreign Banks 'On Notice'
The timing of the decision could be significant, as it could open the door for prosecutors to cast a wider net, perhaps targeting war financing.
April 19, 2023 at 05:15 PM
3 minute read
Financial Services and Banking
White-collar and foreign investigation attorneys are calling a new ruling from the U.S. Supreme Court on the Foreign Sovereign Immunities Act of 1976 a huge win for the Department of Justice, especially as the agency looks to use newly allocated resources in existing conflict zones.
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