Vollstreckungsimmunität von Zentralbanken

When a foreign state defaults on its debts, the only course of action often left to creditors is to target that state's central bank. To safeguard the bank's vital role in the financial system as well as for national solvency, international law affords these institutions a wide but not unlimited immunity against enforcement measures. Marcus Bsaisou's detailed analysis reveals that in German proceedings a balance between safeguarding central bank immunity and protecting legitimate creditor rights can be struck.