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Here’s one thing that could happen next: suits filed to seize the nation’s assets abroad, while the business and others like it leave the nation in question to
by fennecfoxen 4y ago
Here’s one thing that could happen next: suits filed to seize the nation’s assets abroad, while the business and others like it leave the nation in question to its own devices. The consequences for the nation are unfortunate as the economy degrades.
Case study: Venezuela. It didn’t go before this specific kind of court that I know of but they totally seized foreign oil companies’ assets. Their tankers, and tankers with their oil aboard, are subject to being impounded in some jurisdictions, to compensate those whose property was taken.