Halkbank had said that because it is largely owned by the Turkish government, it enjoys sovereign immunity from all prosecution under the 1976 law.
Supreme Court rules Turkish bank could face criminal charges in U.S. courts
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Halkbank, a bank owned by Turkey, had argued that a federal law, the Foreign Sovereign Immunities Act of 1976, gave foreign states absolute immunity from criminal prosecution in U.S. courts.
Supreme Court rejects Turkish bank's arguments in Iran case
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