News Focus
News Focus
Followers 113
Posts 13225
Boards Moderated 0
Alias Born 07/07/2002

Re: sylvester80 post# 17680

Tuesday, 08/20/2002 11:14:33 PM

Tuesday, August 20, 2002 11:14:33 PM

Post# of 704044
"BTW, there is precedence of US courts seizing foreign assets that then are awarded to the plaintiffs. Lots of precedence! If I was a Saudi with money in the US I will be looking for ways to get them out. At least part of it. But that's JMHO."
===========================================================

sylvester....

Yes, there is a good deal of precedence for the seizure of foreign assets, but none that I can think of for a friendly nation, supposedly an ally - and therein lies the rub. It becomes more of a political question for us, rather than a matter of law. Ultimately, such a suit would end up in the US Supreme Court, which in the past has showed that it understands political decisions that have to be made for the good of the country.

mlsoft


Unleash the power of Level 2

Spot liquidity moves with access to US order books.

Sign Up