Finding Sovereign Assets Through US Banks

By Brian Asher (February 25, 2019, 5:19 PM EST) -- Judgments against sovereign debtors often exceed $1 billion, their enforcement generally requires proceedings in multiple jurisdictions and sovereign immunity laws protect many sovereign assets from attachment. When there are no attachable assets sufficient to satisfy a judgment, a creditor must squeeze a settlement out of the debtor — either by interrupting the debtor's extraterritorial commercial activities or by pursuing court-ordered discovery that the debtor would rather avoid.

In these cases, creditors and their attorneys have to make a series of strategic decisions based on a thorough understanding of the debtor's vulnerabilities. Thus, diligent and creative research — either by the creditor's...

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