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Case of the Day: In re Finserve Group Ltd.
The case of the day is In re Finserve Group Ltd. (D.S.C. 2011). Finserve is an investment company incorporated in the British Virgin Islands. Its principal is Vladimir Volpert, who resides in Russia. Volpert’s affidavit states that Finserve agreed to lend $1 million to Anri Petrosyan, who resides in Myrtle Beach, South Carolina, to invest……
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Case of the Day: Health Science Distributors Co. v. Usher-Sparks
The case of the day is Health Science Distributors Co. v. Usher-Sparks (M.D. Fla. 2011). Health Science sued Robert Usher-Sparks and Trevor Taylor, who did business in Guernsey as Wellsprings Trading, for trademark infringement and unfair competition. Usher-Sparks and Taylor moved to dismiss for insufficient service of process. Health Service attempted to serve the summons……
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Case of the Day: Sea Search Armada v. Republic of Colombia
Aargh! The case of the day, Sea Search Armada v. Republic of Colombia (D.D.C. 2011), is, in the words of the judge, “like a marriage between a Patrick O’Brian glorious-age-of-sail novel and a John Buchan potboiler of international intrigue.” According to the complaint, Sea Search Armada had an agreement with the government of Colombia for……
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Case of the Day: In re Broadsheet LLC
The case of the day is In re Broadsheet LLC (D. Colo. 2011). Broadsheet had a contract with the National Accountability Bureau of the government of Pakistan. The contract gave Broadsheet, an Isle of Man company, the exclusive right to “recover assets misappropriated by Pakistani government officials”, presumably with some sort of revenue sharing between……
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Case of the Day: Prism Investments BV v. van der Meer
Conflict of Laws.net had a post on a recent decision of the European Court of Justice, Prism Investments BV v. van der Meer. The facts were as follows: A Finnish bank loaned money to Arilco Opportune, which in turn lent the money to its Netherlands subsidiary, Arilco Holland. Arilco Holland transferred the funds to Prism……