Legal Opinion
Republic of Argentina v. Weltover, Inc.
Supreme Court of the United States
Decided June 12, 1992No. 91-763PublishedCited by 688 opinions
1Opinion of the CourtJustice Scalia
This case requires us to decide whether the Republic of Argentina’s default on certain bonds issued as part of a plan to stabilize its currency was an act taken “in connection with a commercial activity” that had a “direct effect in the United States” so as to subject Argentina to suit in an American court under the Foreign Sovereign Immunities Act of 1976, 28 U. S. C. § 1602 et seq.
I
Since Argentina’s currency is not one of the mediums of exchange accepted on the international market, Argentine businesses engaging in foreign transactions must pay in United States dollars or some other…
2Cases cited24 opinions
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3Cited by688 opinions
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