The German Federal Supreme Court dismisses claim by bondholders against Greece, denying jurisdiction on grounds of state immunity

The German Federal Supreme Court (Bundesgerichtshof) recently held that creditors cannot bring claims against the Hellenic Republic before the German courts in the context of Greece's debt restructuring in 2012 , finding that Greece enjoys immunity from jurisdiction before the German courts (decision of 8 March 2016; docket number VI ZR 516/14).

Background and facts

Filed under:
Germany, Greece, Banking, Insolvency & Restructuring, Litigation, Public, Herbert Smith Freehills LLP, Bond (finance), Swiss Federal Tribunal
Authors:
Tilmann Hertel
Location:
Germany, Greece
Firm:
Herbert Smith Freehills LLP