Federal Supreme Court: No Jurisdiction Over Greek Bond Litigation

Coat_of_arms_of_Greece_svg As we mentioned before, the Greek debt crisis has reached the Federal Supreme Court (Bundesgerichtshof). In a decision today, the court ruled that claims brought by German holders of Greek bonds in German courts against the Hellenic Republic were inadmissible. The bondholders had sued for damages they suffered as a result of the Greek debt restructuring. Continue reading