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NML Capital Goes To Europe
NML Capital, one of Argentina’s creditors, has been trying to collect on a US judgment for years. As we saw in NML Capital v. Banco Central (2d Cir. 2011), the case of the day from July 8, 2011, the Second Circuit held that the assets of the Argentine Central Bank on deposit with the Federal……
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Case of the Day: Diamond Offshore (Bermuda) Ltd. v. Haaksman
The case of the day, Diamond Offshore (Bermuda) Ltd. v. Haaksman (Tex. App. 2011), asks about the limits of the judgment debtor’s power to resist recognition of a foreign judgment on the grounds that the foreign court wrongly ignored the parties’ exclusive choice of forum clause. Diamond Offshore (Bermuda) operated an oil rig off the……
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Case of the Day: US v. Kashamu
The case of the day is United States v. Kashamu (7th Cir. 2011). Buruji Kashamu, a Nigerian national, was indicted by a grand jury in the Northern District of Illinois in 1998 for conspiracy to import and distribute heroin. The indictment named him under his own name and under two supposed aliases: “Alaji” and “”Kasmal.”……
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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: 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……