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Case of the Day: Ingaseosas International v. Aconcagua Investing
The case of the day, Ingaseosas Int’l Co. v. Aconcagua Inv. Ltd. (S.D. Fla. 2011), raises interesting questions of federal subject matter jurisdiction of motions to vacate awards made under the New York Convention. Ingaseosas and Aconcagua were both British Virgin Islands firms. They entered into a stock purchase agreement concerning shares in another BVI company…
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Case of the Day: In re Venequip
The case of the day is In re Venequip (7th Cir. 2023). Venequip, a Venezuelan firm, had a contract with Caterpillar Sàrl, a Swiss subsidiary of Caterpiller, Inc. to sell and service Caterpillar equipment. Caterpillar Sàrl terminated the contract, and Venequip sued in Switzerland; a choice of forum clause in the contract required that all…
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Case of the Day: Absolute Swine Insemination Co. (H.K.) v. Absolute Swine Insemination Co.
The case of the day is Absolute Swine Insemination Co. (H.K.) v. Absolute Swine Insemination Co. (D. Nev. 2012). The facts of the case, though no doubt extremely charming, are not relevant to the case of the day. The plaintiff asserted only common law claims, and so the court had subject-matter jurisdiction only because of…
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Case of the Day: Libyan Investment Authority v. JP Morgan
The case of the day is Libyan Investment Authority v. JP Morgan Markets Ltd., [2019] EWHC 1452 (Comm). The LIA sued JP Morgan, alleging that a 2007 trade had been procured by fraud. The LIA moved for leave to serve process on two of the defendants, Walid Mohamed Ali Al-Giahmi and Lands Company Ltd., out…