In 1976, Congress passed the Foreign Sovereign Immunities Act (FSIA), which effectively codified the restrictive view of sovereign immunity.
The Foreign Sovereign Immunities Act usually crops up in very different cases.
With nationalisation, concluded Judge Paul Gardephe, Anglo Irish had become exempt from American jurisdiction because of a curious legal doctrine called the Foreign Sovereign Immunities Act.
It was designed to address the fact that, regardless of the 1998 Act, Westminster remains sovereign and can act as it pleases within the confines of law.
They recognize the areas within which the individual is sovereign, entitled to act on his own judgment, free from interference by his fellow man and by the state.
Technically the purchase of bonds is not a substitute for fiscal policy, it is a liquidity provision for purchasers of the sovereign debt and an act of faith that the governments will pull through when fear induced panic selling arises.
We are sovereign countries who have the capacity to act as we choose to act.
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The FDIC can also claim sovereign immunity based on the Federal Tort Claims Act (FTCA).
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In 1918, The Danish parliament passed an act to grant Iceland independence as a sovereign state.
An appeal court, however, ruled that an act of war must be committed by a sovereign state.
Today those savings are recycled into rich countries via sovereign-wealth funds and the central bank, which act as portfolio investors, buying mainly bonds.
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In the euro-zone crisis the threat of sovereign default renders some governments impotent, while those which could act have chosen not to do so decisively.
Once Germany's commitment to greater integration is clear, the ECB would have the room to act more robustly both to buy many more sovereign bonds and to provide a bigger backstop for banks.
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Assessing the legality of the Bush Administration's decision to extend billions in taxpayer-underwritten credit guarantees to an obviously uncreditworthy sovereign borrower -- like Moscow center -- when the Farm Act of 1990 explicitly prohibits such transactions.
Of course we should always act with care when it comes to the internal affairs of a sovereign state.
For at least three years European bankers and ministers have abjectly avoided the courageous act of facing up to their bad debts, which are largely sovereign notes issued under the cover of a single currency and held by mostly Euro banks as prime credits.
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