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Supreme Court Rules that World Bank Group Can Be Sued in US Courts In Historic Decision February 27, 2019 WASHINGTON, DC – In a historic decision, today the united states supreme court decided 7-1 to overturn the International finance corporation (ifc)’s claim to absolute immunity from lawsuits.
In court, the IFC asked for the case to be dismissed, claiming to have "absolute immunity" from all lawsuits in U.S. courts. This is the question that is now before the Supreme Court. The Supreme Court case has rattled the walls of the World Bank Group: this was a wholly preventable disaster.
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The World Bank can be sued when its overseas investments go awry. And so can some other international organizations. That is the clear message from the U.S. Supreme Court, which last week issued a.
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In a historic 7-1 decision, the U.S. Supreme Court decided today in Jam v. International Finance Corporation (IFC) that international organizations like the World Bank Group can be sued in U.S. courts. The Court’s decision marks a defining moment for the IFC – the arm of the World Bank Group that lends to the private sector.
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A historic Supreme Court decision declares international organizations like the World Bank Group can be sued in U.S. courts. This article was published in the May-June 2019 issue of NewsNotes. On February 27, the fisherfolk community of Mundra, India won a precedent-setting victory against the World Bank and other multilateral development banks when U.S. Supreme Court decided 7 to 1 that these.
Contact: Valentina Stackl [email protected] (202) 466-5188 x100 . May 21, 2018, Washington, D.C. – Today the U.S. Supreme Court announced it will hear a landmark lawsuit challenging the immunity of powerful institutions like the International Finance Corporation (IFC), the private lending arm of the World Bank Group.
The U.S. Supreme Court on Monday agreed to hear an appeal by the villagers of a lower court ruling that the International Finance Corp (IFC) was immune from such lawsuits under federal law.