King & Spalding

Halkbank to appear in US court in sanctions case

Turkish state lender Halkbank will be arraigned in a U.S. court next week to face a federal indictment for alleged evading Iran sanctions.

The bank was represented by the law firm of King & Spalding at a hearing on Feb. 25 and attorneys said it agreed to appear at the proceedings.

Halkbank was charged in October with attempts to evade U.S. sanctions on Iran.