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Case of the Day: Sonic Finance v. Prima
The case of the day is Sonic Finance Inc. v. Prima Pte. Ltd. (N.Y. Sup. Ct. 2017). Sonic Finance and Mirage Finace owned two ships, the Sunray and the moonray. They contracted with Prima Pte. Ltd., a special-purpose entity set up for the transaction, for the purchase and sale of the Sunray. They contracted with……
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Case of the Day: Marks Law Offices v. Mireskandari
The case of the day is Marks Law Offices LLC v. Mireskandari (3d Cir. 2017). The defendants, Shahrokh Mireskandari and Paul Baxendale-Walker, had hired Bruce Marks to represent them in a RICO case. Based on a decision from California, it seems that Mireskandari and Baxendale-Walker were two English solicitors who had been “struck off,” as……
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Case of the Day: Louis Dreyfus Commodities Suisse v. Financial Software Systems
The case of the day is Louis Dreyfus Commodities Suisse SA v. Financial Software Systems, Inc. (3d Cir. 2017). FSS, a Pennsylvania corporation, licensed software to Dreyfus, a Swiss company, in 1996. In 2012, they amended the license agreement to include an exclusive choice of forum clause providing that disputes would be litigated in England.……
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Case of the Day: Deutsche Bank v. Sebastian Holdings
The case of the day is Deutsche Bank AG v. Sebastian Holdings, Inc. (Conn. Ct. App. 2017). Sebastian Holdings was a Turks and Caicos company. Deutsche Bank sued Sebastian in England on a claim relating to trading losses Sebastian had incurred in connection with a trading account it had opened with Deutsche Bank. The English……
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Case of the Day: Kelly v. Vesnaver
The case of the day is Kelly v. Vesnaver (E.D.N.Y. 2017). The case involved a dispute about alleged conversion and breach of fiduciary duty relating to the plaintiff’s Chinese bonds. The plaintiff served process by delivering the documents to a PO box at a UPS Store in Florida. Several of the defendants were residents of……