A recent Privy Council decision clarifies the principles regarding enforcement of state debts against state-owned entities. Creditors of states are unlikely to be able to enforce against the assets of state-owned companies save in “quite extreme circumstances”: La Générale des Carrières et des Mines v FG Hemisphere Associates LLC [2012] UKPC 27. Click here to read more about the decision on our arbitration blog.
Privy Council rules on the liability of state-owned corporations for debts of the state
Filed under Enforcement
