4 Takeaways From The Supreme Court's Expropriation Ruling
Law360, New York (May 1, 2017, 8:05 PM EDT) -- In siding with Venezuela in a suit accusing it of illegally seizing drilling rigs belonging to Helmerich & Payne Inc., the U.S. Supreme Court on Monday set a high jurisdictional bar to clear for companies asserting claims of expropriation by a foreign government. Here, attorneys identify four key takeaways from the ruling.
Supreme Court Clears the Air Around Foreign Sovereign Immunity
The high court's 8-0 ruling resolved a circuit split by firmly swatting down the relaxed "frivolousness" standard used by the D.C. Circuit to determine whether a case falls within the expropriation exception of the Foreign Sovereign Immunities Act, which generally...
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