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Case of the Day: Shanghai Commercial Bank Ltd. v. Chang
The case of the day is Shanghai Commercial Bank Ltd. v. Chang (Wash. Ct. App. 2014). The bank sued Kung Da Chang in Hong Kong for failure to pay on a revolving multi-currency loan Chang had obtained in 2008 in order to facilitate the transfer of investments from the Bank of East Asia to the……
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Case of the Day: Standard Chartered Bank v. Ahmad Hamad Al Gosaibi & Bros.
Update (10/9/14): I think Greg Shill’s new post about this case may require a rethink on my part, so check back in! The case of the day is Standard Chartered Bank v. Ahmad Hamad Al Gosaibi & Bros. (Pa. Super. Ct. 2014). Friend of Letters Blogatory Greg Shill brought it to my attention—thanks, Greg! I……
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Case of the Day: Cermesoni v. Maneiro
The case of the day is Cermesoni v. Maneiro (Fla. Dist. Ct. App. 2014). Carolina Cermesoni Maneiro brought divorce proceedings against her husband, Jorge Raul Cermesoni, in Buenos Aires. Both spouses were Argentine nationals living in Argentina. The husband had bank accounts at Wells Fargo and Citibank in Miami. The wife sought issuance of a……
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Case of the Day: Flame S.A. v. Freight Bulk Pte. Ltd.
The case of the day is Flame S.A. v. Freight Bulk Pte. Ltd. (4th Cir. 2014). Flame was a Swiss shipping and trading company. It entered into forward freight swap agreements with Industrial Carriers, a firm organized under an unspecified country’s law that did business in New York. “What’s a forward freight swap agreement,” I……
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Case of the Day: Louis Dreyfus Commodities Suisse v. Financial Software Systems
The case of the day is Louis Dreyfus Commodities Suisse S.A. v. Financial Software Systems, Inc. (Pa. 2014). Dreyfus had obtained a judgment in the English High Court for $717,733.12 for breach of contract against FSS. It sought to collect in Pennsylvania, though as we shall see it made an elementary mistake.