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This is a big precedent – and, of course, there are other countries that will continue to have disputes with oil companies over control of resources.
Just tread carefully, though, because you're up against some pretty big precedent.
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No matter how the judges rule, this process could conceivably go all the way to the US Supreme Court, where gerrymandering has been at the center of lots of big, precedent-setting decisions lately.
"Detroit is a huge and prominent American city, so anything that happens with Detroit will set a much bigger precedent," said Matt Fabian, a managing director at Municipal Market Advisors.
It would be a bad precedent, if Germany were to cut a special deal merely because it is the biggest boy in the euro class.
A bad precedent.
A very bad precedent.
Not a great precedent.
JEFFREY TOOBIN: They haven't cited it, as I pointed out in the comment, which suggests that it's not a big-deal precedent.
But it marks a big break in precedent and will be seen as unsatisfactory by many members of the governing council.
And it also established a dangerous precedent: big financial institutions, we now know, will be bailed out in times of crisis.
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