Supreme Court Rules in Bank Markazi v. Peterson: Congress Did Not Exceed its Power and Victims Can Collect
Earlier today, the Supreme Court issued its ruling in Bank Markazi v. Peterson, a case we previewed last year when the Court first asked for the opinion of the Solicitor General during the certiorari process. In this case, the Iranian Central Bank appealed from a judgment allowing terror victims access to complexly held assets connected with the U.S. banking system.
Published by The Lawfare Institute
in Cooperation With
Earlier today, the Supreme Court issued its ruling in Bank Markazi v. Peterson, a case we previewed last year when the Court first asked for the opinion of the Solicitor General during the certiorari process. In this case, the Iranian Central Bank appealed from a judgment allowing terror victims access to complexly held assets connected with the U.S. banking system. The Iranian Central Bank suggested that a special law passed to ensure victims' access to these assets violated separation of powers. Today, the Supreme Court rejected the Bank's appeal by a vote of 6-2. Justice Ruth Bader Ginsburg wrote for the majority, and the Chief Justice (joined by Justice Sotomayor) dissented. You can find the opinions here. Analysis on Lawfare will follow shortly.
