Database

The immunities of States and international organisations

This database contains the original national contributions bringing together information on The immunities of States and international organisations

Information on the contribution

Member State
Germany
Themes
Type of document
Jurisprudence
Permanent link to the contribution
http://www.cahdidatabases.coe.int/C/Immunities/Germany/2000/108
Translations
THIS DOCUMENT CAN BE QUOTED AS FOLLOWS:
Database of the CAHDI "The immunities of States and international organisations" - contribution of Germany - Jurisprudence of 23/05/2000

Creditor v. State of Brazil

Author(ity)

Frankfurt District Court (Landgericht Frankfurt/Main)

Date of the decision, of the judgment

23/05/2000

Points of law

Inadmissibility of execution against assets of foreign State used for sovereign purposes.

Pursuant to a general rule of international law, foreign States enjoy immunity from execution. Execution against their assets which serve sovereign purposes is inadmissible even if these assets are located in the forum State. The claims arising from the government bond against which execution is directed are exempt from execution because they serve the balancing of the Brazilian State budget. This has been proven by the Brazilian Finance Minister’s affirmation in lieu of an oath. To require further proof would constitute an illicit interference in the internal affairs of Brazil.

Summary of the case

The defendant is creditor of plaintiff-debtor, the State of Brazil. The creditor has two executory titles against debtor and has commenced an enforcement procedure trying to attach claims of debtor against a group of banks arising from a Brazilian government bond which banks have subscribed. The debtor has filed a special appeal petitioning for a court order declaring inadmissible the execution against these claims.

Sources

Recht der Internationalen Wirtschaft 2001, p. 308

Additional information (explanations, notes, etc.)

n/a