Embassy Law | Nov 08, 2009

Embassy Law Web Log   
Washington, DC, USA      




China not Liable for Bonds in U.S.

Courthouse News Service describes the determination by United States District Court Judge Richard J. Howell of the dismissall of a claim by Gloria Bolanos Pons and Aitor Rodriguez Soria against the People's Republic of China for some $2.4 billion in bonds issues by the Chinese government in 1913. The November 5, 2009 report China Off the Hook for $2.4B Bond-Holder Debt states that the claims are barred by the Foreign Sovereign Immunities Act. -- Clemens Kochinke, partner, Berliner, Corcoran & Rowe, LLP, Washington, DC.