Sovereign immunity refers to the proposition that the government cannot be sued without its consent, or in other words, the King can do no wrong, which is a centuries-old, universally applicable doctrine codified in the Eleventh Amendment of the United States Constitution.
In this week’s Fund Finance Friday, we release the first installment of our Sovereign Immunity Series, a new series in which we examine, in alphabetical order, the sovereign immunity.
Two recent news items got me thinking about public pensions, their continued rise in private equity and their sovereign status. The first news item, already widely covered in the media,.