Letters Blogatory

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

Posts tagged “Monaco

Case of the Day: Green v. First Liberty

Posted on May 11, 2018

The case of the day is Green v. First Liberty Ins. Corp. (E.D.N.Y. 2018). Nefeteri Green was driving in New York City when his car was hit by a car driven by Marco Suazo. Suazo’s car was owned by Monaco and registered to Isabelle Picco, Monaco’s representative to the United Nations. Green alleged that Suazo himself was an employee of the Monegasque mission; Suazo said instead that he was Picco’s husband. Green sued First Liberty, which had issued an insurance policy for Picco’s car. First Liberty moved to dismiss for failure to state a claim on which relief can be granted. Ordinarily, of course, the victim cannot sue a negligent tortfeasor’s insurer, because there is no privity of contract between them. That’s a fancy…

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Case of the Day: In re Accent Delight

Posted on August 31, 2017

The case of the day is In re Accent Delight International (2d Cir. 2017). Accent Delight and Xitrans Finance Ltd. were BVI companies owned by Dmitry Rybolovlev’s family trusts. Rybolovlev was a Russian national who resided in Monaco. Yves Bouvier was a Swiss national who dealt in fine art through MEI Invest Ltd., a Hong Kong company he controlled. Bouvier brokered Rybolovlev’s purchase of $2 billion in artworks, including paintings by Picasso and van Gogh. In 2014, the New York Times reported that Sotheby’s had sold Leonardo da Vinci’s Christ as Salvator Mundi for $75 or $80 million in 2013, which was allegedly a surprise to Rybolovlev, who claimed he had purchased the painting through Bouvier the same month for $127.5 million!

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