The United States on Monday reinstated Sudan’s sovereign immunity, as the U.S. Congress passed legislation formalizing the move, following the ending of Sudan’s designation as a state sponsor of terrorism.
However, the legislation includes an exemption allowing lawsuits by the families of victims of the Sept. 11, 2001, attacks on the United States already underway in U.S. courts to move forward, although experts say Sudan is unlikely to lose those cases.
The state sponsor of terrorism designation, which was in place for almost three decades, had weighed on Sudan’s economy and restricted its ability to receive aid. For investors, the reinstating of sovereign immunity removes another layer of financial risk.
Sudan had been engaged in t…
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