Nov 21
2017
2nd Cir. 15-690 Panel Decision
Peterson v. Islamic Republic of Iran
The Second Circuit vacated a dismissal of claims against foreign banks, holding that New York law permits courts to compel non-sovereign possessors to turn over extraterritorial sovereign assets. The court affirmed that settlement agreements released some non-turnover claims but left others unresolved, remanding the case for further proceedings on jurisdiction and immunity.