Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

Supreme Court Rules That World Bank Can Be Sued

Video Credit: Newsy Studio - Duration: 01:03s - Published < > Embed
Supreme Court Rules That World Bank Can Be Sued

Supreme Court Rules That World Bank Can Be Sued

​In a 7-1 decision, the Supreme Court found last week that multinational financial institutions can be subject to lawsuits.


Supreme Court Rules That World Bank Can Be Sued

The U.S. Supreme Court has ruled that international financial institutions can be sued if their overseas investments go off the rails.

In a 7-1 decision last week, the Supreme Court found that multinational institutions like the World Bank can be subject to lawsuits if they're found to have invested in development projects that harmed local communities.

The ruling overturns a presumption that's been in place since the founding of the World Bank in 1945: that bank-affiliated organizations that finance private-sector projects in developing countries would be immune from lawsuits.

The court's decision could let millions of people around the world sue for compensation for abuses associated with internationally financed development projects.

But the court's ruling doesn't mean the case, which was filed in 2015, is over.

It'll return to a federal circuit court in Washington, D.C.

This spring, and NPR reports it may not be decided for years.

You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.