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FSIA Exception for Libya
The Legal Times offers some insight into the positioning of parties for a Libya waiver under the January 28, 2008 amendments to the Foreign Sovereign Immunities Act. Under the new FSIA amendments, previously discussed at Embassy Law, assets of foreign sponsors of terrorism are now more easily seized by victims of foreign terror.
A unique waiver is available to Iraq. On April 15, 2008, W.J. Hennigan reported in U.S. Companies May be on Hook for Libyan Terrorism that the reformed former sponsor of terrorism is battling for a similar waiver.
American companies now entering Libya for business activities are concerned about their own exposure under the FSIA amendment for assets Libya owns and they hold. -- Clemens Kochinke, Berliner, Corcoran & Rowe, LLP, Washington.
Mon, / / Embassy Law Link
