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Case of the Day: SEC v. MCC International
The case of the day is SEC v. MCC International Corp. (S.D. Fla. 2023). The SEC had obtained a preliminary injunction against Luiz Carlos Capuci, Jr. and others in a cryptocurrency fraud case. Capuci opposed the preliminary injunction on the grounds that while he had had notice, he had not been served with process before……
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Case of the Day: Swezey v. Merrill Lynch
Ferdinand Marcos, the former Philippine president, left behind a trail of human rights and financial litigation in the Philippine and United States courts. In 1972, Marcos organized Arelma, S.A., a Panamanian company, and Arelma deposited $2 million in a brokerage account with Merrill Lynch in New York. By 2000, the account had grown to $35……
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Case of the Day: DRC, Inc. v. Republic of Honduras
The case of the day, DRC, Inc. v. Republic of Honduras (D.D.C. 2011), is an action to enforce an arbitral award made in Honduras. It is also the first case of the day arising under the Panama Convention. (Why does the Panama Convention, rather than the New York Convention, apply? The FAA has an express……
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Case of the Day: Rockefeller v. Changzhou SinoType
The case of the day is Rockefeller Technology Investments (Asia) VII v. Changzhou Sinotype Technology Co. (Cal. 2020). I wrote about the intermediate appellate decision in October 2018, and I briefly noted the new decision last week. Sinotype was a Chinese company. The parties were negotiating towards a contract to form a new company, and……
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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……