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3 Apr 2017

Arab Bank

Arab Bank releases statement on U.S. lawsuit

Arab Bank released the following statement regarding today’s order by the U.S. Supreme Court granting the petition for writ of certiorari in Jesner et al. v. Arab Bank, plc.  The petition addresses the May 2016 decision by the Second Circuit Court of Appeals to uphold the District Court’s dismissal of plaintiffs’ claims brought under the Alien Tort Statute (ATS).  "The Bank is confident that the Supreme Court will confirm the decisions of the District Court, as well as the Second Circuit Court of Appeals, dismissing the claims brought against the Bank by the non-U.S. plaintiffs."  "Since the Supreme Court issued its decision in Kiobel, the federal appellate courts have uniformly dismissed extraterritorial ATS claims like these, involving foreign plaintiffs suing a foreign corporation for injuries sustained on foreign soil..."  "The Bank did not cause plaintiffs’ injuries, and there is no basis under international law or the Supreme Court’s ATS decisions to reinstate these dismissed claims." The U.S. government described Arab Bank as "a constructive partner with the U.S. in working to prevent terrorist financing."...

Part of the following timelines

US Supreme Court rules that foreign corporations cannot be sued for human rights abuses under the Alien Tort Statute

Arab Bank lawsuit (re terrorist attacks in Israel)