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Latest News

Will US Supreme Court Ruling on Arab Bank Open Floodgates of Litigation

A landmark anti-terrorism financing case which was presumed dead has now been surprisingly resuscitated by the US Supreme Court and could lead to a flood of new anti-terrorism financing lawsuits by foreigners (including Israelis) against foreign financial entities (including those banking for Palestinian terrorist groups) that do business in the US. This could change the face of international banking and impact the realm of US diplomacy in a variety of unpredictable ways.

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July 20, 2017

(The Jerusalem Post) Why did the media on multiple continents jump on what seems to have been just a procedural decision made on Monday by the US Supreme Court to hear the Alien Tort Statute case against the Arab Bank? One word encapsulates the decision’s significance: floodgates.A landmark anti-terrorism financing case which was presumed dead has now been surprisingly resuscitated by the US Supreme Court and could lead to a flood of new anti-terrorism financing lawsuits by foreigners (including Israelis) against foreign financial entities (including those banking for Palestinian terrorist groups) that do business in the US. Read More

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