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The United States on Monday reinstated Sudan’s sovereign immunity, as the US Congress passed legislation formalizing the move, following the ending of Sudan’s designation as a state sponsor of terror.
However, the legislation includes an exemption allowing lawsuits by the families of victims of the Sept. 11, 2001, attacks on the United States already underway in US courts to move forward, although experts say Sudan is unlikely to lose those cases.
The state sponsor of terror designation, which was in place for almost three decades, had weighed on Sudan’s economy and restricted its ability to receive aid. For investors, the reinstating of sovereign immunity removes another layer of financial risk.
-Developing
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Last Update: Tuesday, 22 December 2020 KSA 09:14 – GMT 06:14
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