Banque Nationale pour le Commerce et l’industrie (Afrique) v. Société Algérienne de Commerce and Lavie.

Abstract

States as international persons — Recognition of acts of foreign States and Governments — Algeria — Taking of foreign property Decrees declaring foreign property to be bona vacantia — Whether amounting to nationalization — Whether amounting to force majeure — The law of France.

State responsibility — Nature and kinds of — For taking of, or interference with, property — Algeria-Declarations that foreign property bona vacantia — Administration by the State — Whether amounting to nationalization-Whether amounting to force majeure — Whether taking over assets of an undertaking necessarily entails liability for debts incurred previously — Change of domicile by corporation — Whether corporation remains liable for debts incurred previously and before its property abroad was taken over by State under law of previous domicile — Whether sureties remain liable — The law of France.