Ruling: Sovereign Immunity does not Extend to State-Owned Entities
The UK Privy Council has ruled that sovereign protection from asset-recovery trials do not extend to the property of state-owned companies or entities; as per Boru Hatlari v Teepe (2018 UKP 21).
The decision maintains a precedent from 2016 in Jersey Royal Court that a state-owned entity cannot seek immunity for its assets, which can therefore be utilised to placate an arbitration honour as per English common law. The case has significant consequences for state-owned vehicles and those who have contracts with them. More information will be given at a later date to answer specifics.