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Supreme Court rules Turkey’s Halkbank does not have sovereign state immunity

Halkbank branch
Photo: Chris McGrath/Getty Images

Julie DiMauro

2 min read
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Decision means corporations owned by foreign states are not shielded under Foreign Sovereign Immunities Act.

The US Supreme Court has made it easier for the Department of Justice (DOJ) to charge corporations owned by foreign states. In a decision issued on Wednesday it said the Foreign Sovereign Immunities Act of 1976 (FSIA) doesn’t shield Turkey’s Halkbank from money-laundering and other criminal charges.

“The FSIA

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