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United States Law of Sovereign Immunity relating to international financial transactions. By John R. Stevenson, Jeffrey F. Browne and Lori Fisler Damrosch. London: Euromoney Publications Ltd., 1983. Pp. 158. $145.

Published online by Cambridge University Press:  16 May 2017

Michael J. Coursey
Michael J. Coursey*
Affiliation:
Of the District of Columbia and Massachusetts Bars
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Type
Book Reviews and Notes
Information
American Journal of International Law , Volume 78 , Issue 4 , October 1984 , pp. 944 - 946
Copyright
Copyright © American Society of International Law 1984

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References

1 See, e.g., International Financial Law (Rendell, R. ed. 1980)Google Scholar.

2 28 U.S.C. §§1330, 1332(a)(2), (3) and (4), 1391(f), 1441(d), 1602–1611.

3 State Immunity Act 1978, ch. 33, reprinted in 17 ILM 1123 (1978).

4 11 U.S. (7 Cranch) 116 (1812).

5 Letter of Jack B. Tate, Acting Legal Adviser, to Acting Attorney General, 26 Dep’t St. Bull. 984 (1952).

6 A thorough list with corresponding case citations is presented on pages 22–23 of foreign state agencies and instrumentalities over which courts have exercised jurisdiction under the Act.

7 Annex C includes draft clauses regarding a foreign state’s appointment of a domestic agent for service of process, submission to the jurisdiction of a domestic forum and waiver of the defense of sovereign immunity, plus various foreign state representations and warranties. Outside of the annex, the text includes at page 58 a clause from a recent international loan agreement in which a sovereign borrower represents that the transactions contemplated by the agreement constitute “commercial activities of the Borrower” which is “not entitled [under the agreement] to any immunity, whether characterized as sovereign or otherwise, from legal proceedings.”

8 See, e.g., Verlinden B.V. v. Central Bank of Nigeria, 103 S. Ct. 1962 (1983); Persinger v. Islamic Republic of Iran, 729 F.2d 835 (D.C. Cir.), cert, denied, 53 U.S.L.W. 3261 (1984); Olsen v. Government of Mexico, 729 F.2d 641 (9th Cir.), cert, denied, 53 U.S.L.W. 3286 (1984).