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Thursday, 29 September 2016

Right to sue over 9/11 risks Saudi pullout from US, say bankers — FT.com

Right to sue over 9/11 risks Saudi pullout from US, say bankers — FT.com:

"US legislation that allows families of victims of the 9/11 attacks to sue Saudi Arabia threatens to deter investment in the US and risks triggering the sale of billions of dollars of assets, Gulf bankers warn.

The US Congress voted overwhelmingly on Wednesday to override a presidential veto of legislation that waives claims of foreign immunity for terrorist attacks in the US.

Riyadh has not responded officially to the congressional vote. But Saudis have privately expressed concern to bankers that their assets could eventually become the target of legal action."



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