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27 Feb 2024, 5:50 am by Preston Lim
The consensus, as Paul Stephan notes, is that “the assets of a sovereign central bank enjoy some kind of international legal immunity from confiscation, as opposed to freezing, by the state in which they are found. [read post]
26 Feb 2024, 12:28 am by Donald Dinnie
In Miracle Mile Investments 67 (Pty) Ltd and Another v Standard Bank of SA Ltd2016 (2) SA 153 (GJ), the facts were similar to the dispute at hand. [read post]
21 Feb 2024, 5:52 am by Ivan Horodyskyy
Damage to the plaintiffs’ property by the armed forces of the Russian Federation constitutes an exception to the state’s judicial immunity, in line with customary international law, which, according to the Court, is confirmed in Draft Articles on Responsibility of States for Internationally Wrongful Acts and in practice of the International Court of Justice (North Sea Continental Shelf (Federal Republic of Germany/Netherlands) Case) and practice of the European Court of… [read post]
20 Feb 2024, 5:50 am by Maggie Mills
This approach, too, begins with the frozen central bank assets. [read post]