Posted on 02/10/2015 10:48:53 AM PST by TigerTown
If the September ruling stands, the camel’s nose of jackpot justice will have gotten under the global tent, making foreign policy everywhere subject to the hyper-litigiousness of the lawsuit-happy U.S. legal system and opening U.S. corporations to similar actions in foreign courts.
Although the high court declined to hear Arab Bank’s case, Chief Justice John Roberts warned in another decision against courts meddling in international relations by applying U.S. law to foreign corporations acting in foreign lands. “The presumption against extraterritoriality guards against our courts trig-gering such serious foreign-policy consequences, and in¬stead defers such decisions, quite appropriately, to the political branches,” he wrote in 2013 in Kiobel v. Royal Dutch Petroleum Co.
This standoff threatens to set back the fight against Islamic radicalism because Arab Bank is the largest and most important financial institution in Jordan, a moderate Muslim state and reliable U.S. ally in the war on terror. The bank is responsible for as much as one-third of the capitalization of Amman’s stock market and is a primary acquirer of the nation’s debt. The judgment of the New York court makes the bank liable for billions of dollars in claims by hundreds of plaintiffs and opens the door for endless suits in U.S. courts that could cripple Arab Bank and the Jordanian economy.
(Excerpt) Read more at dailycaller.com ...
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