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US appeals court denies Halkbank's claim of foreign sovereign immunity under common law

( October 22, 2024, 16:23 GMT | Official Statement) -- MLex Summary: Turkish state-owned bank Halkbank isn't entitled to foreign sovereign immunity under common law, US Court of Appeals for the Second Circuit found. In the 44-page decision, the Second Circuit affirmed a decision of the lower court and remanded the case against Halkbank back to the trial judge for further proceedings.See document below....

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