Adams et al. v. National Bank of Greece and Athens S.A.; Prudential Assurance Co. Ltd. et al. v. Same

Abstract

Recognition of acts of foreign States and Governments — Foreign bank liable as guarantor of bonds governed by English law — Foreign legislation merging debtor bank with new bank — New bank liable on bonds as “universal successor” — Subsequent foreign amending legislation retrospectively excepting obligation on English bonds from universal succession — Whether confiscatory or discriminatory legislation.