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> "The German economy ministry said Gazprom Germania violated foreign trade law." And that's sufficient basis for a legal system to reassign ownership of asset
by diskapital 5y ago
> "The German economy ministry said Gazprom Germania violated foreign trade law."
And that's sufficient basis for a legal system to reassign ownership of assets?
Just for debate, lets say Google search is critical infrastructure and Google unilaterally took some action that upset the German economy ministry, would the legal system enable German authorities to take over assets that Google had within Germany and/or areas still under German control?
- kergonath 5y agoBroadly speaking, countries are sovereign and can do almost anything they’d like in this context. It is most of the time limited by treaties and trade agreements, so I suppose Russia could make a stink and complain with things like the WTO. You’d have to dig into the specifics of German law in this case, but this is really unsurprising. Sales are routinely blocked and companies nationalised (with compensation, in civilised countries, though the fraud aspect could change this in this instance). Gazprom Germania can believe the government is wrong and take it to the courts, but the legal argument seems sound.