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Case of the Day: NML Capital v. Argentina
The case of the day is NML Capital, Ltd. v. Republic of Argentina (2d Cir. 2013). Just by way of background, here is my brief overview from my October 2012 post on the Second Circuit’s first decision in the case: When Argentina restructured its debt, it enacted law treating the bonds of investors who did……
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Case of the Day: Blue Ridge Investments v. Argentina
The case of the day is Blue Ridge Investments, LLC v. Republic of Argentina (2d Cir. 2013). In 1989, Argentina privatized the gas transportation industry, leading to the creation of Transportadora de Gas del Norte, or TGN. In 1995, CMS Gas Transmission Co. bought a 25% stake in TGN from the Argentine government. At first,……
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Case of the Day: Global Discoveries v. Realtec
The case of the day is Global Discoveries, Ltd. v. Realtec, Ltd. (N.D. Cal. 2013). Global Discoveries was a Nevada limited liability company. It brought a statutory interpleader action against Realtec Ltd., a British Virgin Islands company, Zahra Gilak, whose nationality was not clear in the decision (perhaps she was Iranian) but who was formerly……
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Case of the Day: FDIC v. IIG Capital
The case of the day is FDIC v. IIG Capital, LLC (11th Cir. 2013). In a short, per curiam decision, the court affirmed the confirmation of an international arbitral award over IIG’s argument that an arbitrator was not impartial because he had had contacts with the FDIC’s counsel; that IIG had not agreed to the……
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Case of the Day: Talisman Capital Alternative Investment Fund v. Mouttet
The case of the day is Talisman Capital Alternative Investment Fund, Ltd. v. Mouttet (In re Moutett) (Bankr. S.D. Fla. 2013). According to the complaint, in 2002, a group of investors, including Gerry Mouttet, sought to begin a lottery in Jamaica. They obtained a $30 million loan from Epsilon Global Master Fund LP and Epsilon……