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Case of the Day: Alpha Bank v. Yakovlev
The case of the day is AO Alpha Bank v. Yakovlev (Cal. Ct. App. 2018). Alpha, a Russian bank, loaned money in 2007 and 2008 to Trial Trading House, LLC, a Russian firm. Oleg Yakovlev personally guaranteed the loan on terms set out in a separate surety agreement. The surety agreement chose the Meschansky District……
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Case of the Day: Blizzard Entertainment v. Bossland
The case of the day is Blizzard Entertainment, Inc. v. Bossland GmbH, from the Landgericht Leipzig. It came to my attention thanks to eagle-eyed reader Lukas Heinemann. Blizzard had a $8 million default judgment against Bossland from the U.S. District Court for the Central District of California. The case arose out of alleged violations of……
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Case of the Day: AlbaniaBEG Ambient v. Enel
The case of the day is AlbaniaBEG Ambient Sh.p.k. v. Enel S.p.A. (N.Y. App. Div. 2018). I wrote about a related procedural decision in March 2016. AlbaniaBEG was the Albanian subsidiary of Becchetti Energy Group S.p.A., an Italian firm. The defendants, Enel S.p.A. and Enelpower S.p.A., are also Italian companies; Enel is Italy’s largest power……
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Case of the Day: VTB Bank v. Mavlyanov
Update (2/6/18): Marian Dent, a well-informed reader who is based in Russia, has sorted out my confusion on the sanctions issue in the comments below the post. The case of the day is VTB Bank (PJSC) v. Mavlyanov (N.Y. Sup. Ct. 2018). VTB, a Russian bank, sought recognition and enforcement of a $37 million Russian……
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Case of the Day: Carmona v. Carmona
The case of the day is Carmona v. Carmona (In re Carmona) (Bankr. S.D. Texas. 2018). Maria Rosales was married to Hector Carmona. In 1991, the wife sold a parcel of land in Guanajuato, Mexico without her husband’s consent. (Mexico is a community property jurisdiction, as are Texas and several other southwestern states once ruled……