Abstract
This chapter engages with the limitations of jurisdictional immunity of states in cases of commercial transactions (acta jure gestionis) by looking at state bonds and immunity against claims for their repayment. There is no international consensus as to whether immunity can subsequently be restored by the issuing state through a public act of state (actus jure imperii) that unilaterally modifies or lifts the obligation of repayment. The chapter analyses the two opposing views that have been taken by highest courts of different countries and international courts. The reasoning behind the judicial views is elucidated in order to establish why, or why not, foreign states might subsequently assert their jurisdictional immunity when sued by private investors. Placing this controversy in the wider legal context, the chapter suggests that differing perceptions of the underlying public-private law divide can be seen as an explanation of the divergent views. The respective consequences of jurisdictional immunity against claims for repayment of state bonds are addressed subsequently.
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- 1.
- 2.
Roos (2019), pp. 173ff (on Argentina) and pp. 225ff (on Greece).
- 3.
- 4.
- 5.
Sovereign equality is commonly based on the principle par in parem non habet imperium or par in parem non habet iudicium, see for instance Bankas (2005), pp. 37ff; Damrosch (2019), p. 42; Fox and Webb (2015), pp. 26ff; Kokott (2011), para. 35; Tomuschat (1999), p. 176. However, as noted by Finke (2010), p. 866, the League of Nations referred merely to the independence of states as the basis for their immunity, without relying on their equality, see ‘Competence of the Courts in regard to Foreign States’ (1927) 9 Publications of the League of Nations V, Legal, No 11, reprinted in (1928) 22 American Journal of International Law Supplement 117, 118.
- 6.
- 7.
International Court of Justice, Jurisdictional Immunities of the State judgment (Germany v Italy, Greece intervening) [2012] ICJ 99, paras. 60–61.
- 8.
- 9.
Sucharitkul (1982), pp. 207ff.
- 10.
Articles 10ff UN Convention on Jurisdictional Immunities.
- 11.
Art 30(1) of the of the United Nations Convention on Jurisdictional Immunities of States and Their Property (New York, 2 December 2004) requires 30 ratifications for the entry into force of the Convention. So far, there are 28 signatories, of which 22 have ratified and become parties. For instance, France has ratified; the UK and Russia have signed but not ratified; Germany has not even signed.
- 12.
- 13.
- 14.
Art 2(2)(c)(ii) UN Convention on Jurisdictional Immunities.
- 15.
- 16.
Wittich (2013), p. 168.
- 17.
Art 10(1) UN Convention on Jurisdictional Immunities.
- 18.
- 19.
- 20.
Francioni (2009), pp. 745–746 also finds that there is no basis in international law for claiming that a commercial transaction may subsequently qualify as actus jure imperii, although he evaluates this finding differently.
- 21.
European Court of Human Rights, Sabeh el Leil v France, Case 34869/05 (2012) 54 EHRR 14.
- 22.
European Court of Human Rights, Sabeh el Leil v France, Case 34869/05 (2012) 54 EHRR 14, paras. 57–58.
- 23.
European Court of Human Rights, Cudak v Lithuania, Case 15869/02 (2010) 51 EHRR 15, paras. 66–67.
- 24.
European Convention on State Immunity (Basel, 16 May 1972) ETS No 74.
- 25.
Art 7(1) European Convention on State Immunity.
- 26.
- 27.
US Supreme Court, Republic of Argentina v Weltover, Inc (1992) 504 US 607. For a comprehensive comment, see Lew (1994).
- 28.
US Supreme Court, Republic of Argentina v Weltover, Inc (1992) 504 US 607, 609ff.
- 29.
Ibid., 610ff and 615ff.
- 30.
Ibid., 617ff.
- 31.
Ibid., 614.
- 32.
US Supreme Court, Republic of Argentina v Weltover, Inc (1992) 504 US 607, 613–614.
- 33.
US Supreme Court, Alfred Dunhill of London, Inc v Republic of Cuba (1976) 425 US 682.
- 34.
Ibid., 696.
- 35.
28 US Code § 1605(a)(2). For a commentary, see Dickinson et al. (2004), paras. 3.034ff.
- 36.
28 US Code § 1603(d).
- 37.
- 38.
State Immunity Act 1978, sec 3(1)(a).
- 39.
State Immunity Act 1978, sec 3(3)(b).
- 40.
I Congreso del Partido [1983] AC 244.
- 41.
On 22 November 1978, SI 1978/1572 per State Immunity Act 1978, sec 23(5).
- 42.
I Congreso del Partido [1983] AC 244, 278–279.
- 43.
Ibid., 279.
- 44.
- 45.
Similarly Kupelyants (2018), para. 8.24.
- 46.
English translation by Borchard (1951), p. 11 of Mixed Tribunal of Cairo, NM Rothschild & Sons v Gouvernement Egyptien (1925) 350 Journal des Tribunaux Mixtes 4.
- 47.
Ibid.
- 48.
Italian Court of Cassation, Borri v Argentina, Case 11225 (2005) 88 Rivista Diritto Internazionale 856.
- 49.
Quoted according to the translation by van Alebeek and Pavoni (2018), p. 116.
- 50.
Italian Constitutional Court, Case 329, judgment of 2 July 1992.
- 51.
Italian Court of Cassation, Brazil v Italplan Engineering, Environment & Transports SPA, Case 6603/2015 (IT 2015) Oxford Reports on International Law: International Law in Domestic Courts 2566, paras. 17–18.
- 52.
- 53.
- 54.
Not even in a case of torture in and by a foreign state, the forum state is obliged to refuse immunity to this foreign state on the basis of the tortured claimant’s fundamental right of access to justice under Art 6(1) European Convention of Human Rights, see European Court of Human Rights, Al-Adsani v the United Kingdom, Case 35763/97 (2002) 34 EHRR 11, paras. 52–67 (however, this decision was only made by nine votes to eight).
- 55.
Greek Bondholder Act 4050/2012 (23 February 2012), Art 1.
- 56.
German Federal Court of Justice, Case VI ZR 516/14, ECLI:DE:BGH:2016:080316UVIZR516.14.0; Case XI ZR 217/16, ECLI:DE:BGH:2017:191217UXIZR217.16.0; Case XI ZR 247/16, ECLI:DE:BGH:2017:191217UXIZR247.16.0; Case XI ZR 796/16; ECLI:DE:BGH:2017:191217UXIZR796.16.0.
- 57.
German Federal Labour Court, Case 3 AZB 5/12, Entscheidungen des Bundesarbeitsgerichts 144, 244, paras 25ff.
- 58.
- 59.
- 60.
Based on the idea of Politis (1984), p. 16. Also see, for instance, UK Court of Appeal, Twycross v Dreyfus (1877) 5 Ch D 605, 616.
- 61.
- 62.
- 63.
German Federal Labour Court, Case 5 AZR 962/13, ECLI:DE:BAG:2017:260417.U.5AZR962.13.0, Entscheidungen des Bundesarbeitsgerichts 159, 69–81. Also see the preliminary ruling by the Court of Justice of the European Union, Case C-135/15 Nikiforidis, ECLI:EU:C:2016:774. For an analysis see Lehmann and Ungerer (2017/2018).
- 64.
German Federal Constitutional Court, Case 2 BvR 331/18, ECLI:DE:BVerfG:2020:rk20200506.2bvr033118. For an English summary see, for instance, https://gpil.jura.uni-bonn.de/2020/07/once-a-trader-always-a-state-the-federal-constitutional-court-classifies-greek-debt-restructuring-measures-as-acta-jure-imperii/.
- 65.
Austrian Court of Justice, Case 4 Ob 227/13f, confirmed Case 8 Ob 67/15h, ECLI:AT:OGH0002:2015:RS0130470, in Case 6 Ob 122/15g, and in Case 8 Ob 125/14p.
- 66.
Austrian Court of Justice, Case 4 Ob 227/13f, para. 3.2.
- 67.
Ibid., para. 3.1.
- 68.
Austrian Court of Justice, Case 10 Ob 103/18x, ECLI:AT:OGH0002:2019:0100OB00103.18X.0122.000, para 1.1. For a case note, see Weller and Walter (2019), pp. 124–125.
- 69.
Court of Justice of the European Union, Case C-308/17 Kuhn, ECLI:EU:C:2018:911.
- 70.
It is undisputed that the Court of Justice cannot rule on sovereign immunity as an issue of national procedure. See particularly, Case C-292/05 Lechouritou, ECLI:EU:C:2006:700, Opinion of AG Ruiz-Jarabo Colomer, para 78; UK High Court, Grovit v De Nederlandsche Bank [2005] EWHC 2944 (QB), [47]; Mankowski (2019), p. 194; Muir Watt and Pataut (2008), pp. 68–69; Weller and Walter (2019), p. 125.
- 71.
- 72.
OJ L351/1.
- 73.
Art 1(1) Brussels Ia Regulation.
- 74.
Court of Justice of the European Union, Case C-308/17 Kuhn, ECLI:EU:C:2018, paras. 29ff.
- 75.
Ibid., para. 42.
- 76.
- 77.
- 78.
Court of Justice of the European Union, Case C-226/13 Fahnenbrock, ECLI:EU:C:2015:383:
- 79.
Court of Justice of the European Union, Case C-292/05 Lechouritou, ECLI:EU:C:2007:102.
- 80.
Kleiner (2019), paras. 18–21.
- 81.
- 82.
Arguing the contrary, Weller and Walter (2019), p. 125, point towards a decision by the Austrian Court of Justice (Case 6 OB 164/18p, para 3.3) which was handed down just a few days after the Kuhn judgment and which still followed the initial view of rejecting the subsequent restoration of immunity. Most likely however, due to the short time in-between, the Austrian Court was not able anymore to adapt its view, which it did however in its later decision: Austrian Court of Justice, Case 10 Ob 103/18x, ECLI:AT:OGH0002:2019:0100OB00103.18X.0122.000. In conclusion, Weller and Walter (2019), p. 126, agree that the Austrian Court will adhere to its changed view of accepting subsequently restorable immunity.
- 83.
European Court of Human Rights, Mamatas v Grèce, Cases 63066/14, 64297/14 and 66106/14 [2016] ECHR 256, paras 99 and 105. For a very critical review, see Kerber (2019), pp. 1334–1336.
- 84.
[First] Protocol to the Convention for the Protection of Human Rights and Fundamental Freedoms (Paris, 20 March 1952), Art 1.
- 85.
[European] Convention for the Protection of Human Rights and Fundamental Freedoms (Rome, 4 November 1950), Art 14.
- 86.
Mamatas v Grèce, Cases 63066/14, 64297/14 and 66106/14 [2016] ECHR 256, para. 99.
- 87.
Ibid., paras. 88–89 and 103, with reference to earlier case law of the European Court of Human Rights, Valkov v Bulgaria, Case 2033/04 (2016) 62 EHRR 24; Frimu v Romania, Cases 45312/11, 45581/11, 45583/11, 45587/11 and 45588/11 [2012] ECHR 431; Panfile v Romania, Case 13902/11 [2012] ECHR 320; Koufaki and Adedy v Greece, Cases 57665/12 and 57657/12 [2013] ECHR 507; NKM v Hungary, Case 66529/11 (2016) 62 EHRR 33; da Conceição Mateus and Santos Januário v Portugal, Cases 62235/12 and 57725/12 [2013] ECHR 1008; Savickas v Lithuania, Case 66365/09 [2013] ECHR 328; da Silva Carvalho Rico v Portugal, Case 13341/14 [2015] ECHR 287.
- 88.
Mamatas v Grèce, Cases 63066/14, 64297/14 and 66106/14 [2016] ECHR 256, para. 103.
- 89.
- 90.
Art 4ff Brussels Ia Regulation.
- 91.
Court of Justice of the European Union, Case C-308/17 Kuhn, ECLI:EU:C:2018, paras. 42–43.
- 92.
- 93.
Mehren (2006), pp. 153ff.
- 94.
- 95.
Dicey (2013), pp. 237–238.
- 96.
- 97.
- 98.
Lord Bingham of Cornhill (2002).
- 99.
- 100.
Dicey (2013), pp. 100ff.
- 101.
Craig (1990), pp. 27–29.
- 102.
Dyson (1980), p. 52.
- 103.
See, for instance, Roos (2019).
- 104.
- 105.
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Ungerer, J. (2022). Sovereign Debt and Immunity: The Controversy of Subsequent Liability Limitation for State Bonds. In: Bismuth, R., Rusinova, V., Starzhenetskiy, V., Ulfstein, G. (eds) Sovereign Immunity Under Pressure. Springer, Cham. https://doi.org/10.1007/978-3-030-87706-4_15
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