References: Public disclosures on 10/16/2019, 02/17/2021, 10/22/2021, 01/17/2022, 10/03/2022, 04/20/2023 and 05/02/2024.
As is known, in the process regarding Halkbank's ongoing criminal case in the USA; the ruling of the U.S. Court of Appeals for the Second Circuit on October 22, 2021 that we do not have foreign state immunity was appealed before the United States Supreme Court.
Whereas the United States Supreme Court rejected Halkbank's FSIA (Foreign Sovereign Immunities Act) immunity argument with its ruling dated April 19, 2023, they remanded the case to the U.S. Court of Appeals for the Second Circuit for further review of the matter that Halkbank may not be tried at U.S. courts under the common law of the United States.
Upon further review, the Second Circuit with its decision dated October 22, 2024, rejected our Bank's common law immunity request again and affirmed the District Court's order.
Our Bank will use all its legal rights to appeal with regard to the October 22, 2024 decision of the Second Circuit, particularly with the U.S. Supreme Court.
For the information of the public and investors.
In case of any contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
