Turkey's Halkbank will use all rights to halt U.S. Federal Court ruling

Turkey's majority state-owned Halkbank said on Friday that it will use all its legal rights to challenge a U.S. Federal Court ruling that it must enter a formal plea to charges that it helped Iran evade sanctions. Halkbank said it requests the right to defend its position that the U.S. court lacks jurisdiction over claims made against the bank as Halkbank does not have any branch or physical operation in the United States. The bank has so far declined to make a formal appearance in the case.

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