Turkey's Halkbank to use all legal rights to appeal U.S. court ruling

Turkey’s Halkbank to use all legal rights to appeal U.S. court ruling

ISTANBUL, Oct 22 (Reuters) – State-owned Turkish lender Halkbank (HALKB.IS) mentioned on Friday the financial institution will use all its legal rights to appeal a U.S. court order, in an announcement to the Istanbul inventory trade.

A U.S. appeals court dominated Halkbank might be prosecuted over accusations it helped Iran evade American sanctions even when the International Sovereign Immunities Act shielded the financial institution, because the cost towards Halkbank fell beneath the business exercise exception. learn extra

Writing by Ezgi Erkoyun
Enhancing by Chris Reese

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