UK Supreme Court clarifies "commercial purposes" exception to state immunity: when enforcing against property, its origin is irrelevant | Practical Law

UK Supreme Court clarifies "commercial purposes" exception to state immunity: when enforcing against property, its origin is irrelevant | Practical Law

The UK Supreme Court has issued a decision relating to the enforcement of state assets in SerVaas Incorporated v Rafidain Bank and others [2012] UKSC 40. This decision provides guidance on the scope of the "commercial purposes" exception from immunity from execution.

UK Supreme Court clarifies "commercial purposes" exception to state immunity: when enforcing against property, its origin is irrelevant

by Joanne Greenaway, Herbert Smith LLP
Published on 05 Sep 2012 • England, Wales
The UK Supreme Court has issued a decision relating to the enforcement of state assets in SerVaas Incorporated v Rafidain Bank and others [2012] UKSC 40. This decision provides guidance on the scope of the "commercial purposes" exception from immunity from execution.