1. Can I challenge the actions of a state which unilaterally
exits the Eurozone?
It is unlikely that a state's decision unilaterally to exit
the Eurozone could be challenged in any domestic courts because,
even in those jurisdictions that permit foreign states to be sued
before their courts, a decision to exit the Eurozone or to change
its currency would be considered to be the exercise by that state
of a sovereign act. Even in countries which permit exceptions to
state immunity, these are not matters about which a state may
generally be sued.
2. What is sovereign immunity?
Sovereign immunity, also known as state immunity, is a legal
doctrine by which the courts of one state cannot exercise
jurisdiction over another state (including for this purpose its
state-owned enterprises), either to adjudicate a dispute involving
that state or to enforce a judgment order or award against that
state.
