Letters Blogatory

The Blog of International Judicial Assistance | By Ted Folkman of Folkman LLC

Posts tagged “attachment

Case of the Day: Stemcor USA v. Cia Siderurgica

Posted on July 3, 2019

The case of the day is Stemcor USA Inc. v. Cia Siderurgica do Para Cosipar (5th Cir. 2019). Daewoo International had a contract with AMT for the purchase of pig iron to be delivered in New Orleans. Thyssenkrupp Mannex GmbH also had a contract with AMT for the purchase of pig iron. AMT failed to perform either contract. Daewoo brought an action against AMT in the Eastern District of Louisiana seeking to compel arbitration and also seeking an attachment of pig iron on a ship then anchored in the port of New Orleans. Daewoo relied both on the rules for maritime attachments and a Louisiana statute providing for prejudgment attachment in aid of an “action for a money judgment.” TKM then sued AMT in…

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Case of the Day: Pine Top Receivables v. Banco de Seguros del Estado

Posted on December 31, 2014

The case of the day is Pine Top Receivables of Illinois, LLC v. Banco de Seguros del Estado (7th Cir. 2014). Pine Top Insurance Company claimed it was owed more than $2 million by Banco de Seguros del Estado, an instrumentality of the Uruguayan government, under reinsurance contracts. When Pine Top failed, its claims against the bank ultimately ended up in the hands of Pine Top Receivables, which sued to collect. Under Illinois law, because the bank was not authorized to carry out an insurance business in the state, it had to post security when it served its answer to the complaint. It failed to do so, and Pine Top sought to strike the answer. The bank opposed the motion to strike on the…

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