National American Corporation v. Federal Republic of Nigeria and The Central Bank of Nigeria

Abstract

Sovereign immunity — Foreign State and central bank — Restrictive theory of sovereign immunity — Commercial transaction — Contract for the purchase of cement — Letter of credit — Act of State doctrine — Exception for commercial transactions — Jurisdiction — Quasi in rem jurisdiction obtained by attachment — In personam jurisdiction — Requirement of minimum contacts — Foreign Sovereign Immunities Act 1976 — Whether retroactive — The law of the United States