DOJ Argues Against Turnover of Argentina’s Assets
On November 6, 2024, the U.S. Attorney for the Southern District of New York sent a letter to Judge Loretta A. Preska arguing against turnover of Argentina’s interests in YPF S.A., a state-owned energy company, to satisfy a breach of contract judgment. The $16.1 billion judgment in Petersen Energia Inversora, S.A.U. v. Argentine Republic arose…
Continue ReadingComity and Kleptocrats
To succeed in their trade, thieves need a place to stash their ill-gotten gains. Should the United States become a safe haven for international financial wrongdoing, shielding the proceeds of misdeeds whenever the thief brings corrupt government officials into the plot? Zhakiyanov v. Ogai, a recent decision of the Supreme Court of New York, indicates…
Continue ReadingConstitutionality of TVPA Challenged in First Circuit
As previously reported at TLB, a Massachusetts jury last year awarded $15.5 million in damages against Jean Morose Viliena for torture and extrajudicial killing under the Torture Victim Protection Act (TVPA). Viliena was mayor of a town in Haiti where the three plaintiffs lived. The jury found him responsible for murdering the brother of one…
Continue ReadingEighth Circuit Rejects Argument for Foreign-Policy Abstention
On August 1, 2024, the Eighth Circuit issued its decision in Reid v. Doe Run Resources Corp., rejecting defendants’ argument that the case should be dismissed based on international comity. As Maggie Gardner has explained in greater detail here and here, the plaintiffs in Reid are more than 1,400 Peruvian citizens who suffered harm as…
Continue ReadingThe U.S. Takes the Fight Against Bribery to Foreign Officials
American companies, U.S. issuers, and persons in the United States have long been barred from bribing foreign officials under the Foreign Corrupt Practices Act (FCPA). But until December 2023, no U.S. law directly penalized those foreign officials for soliciting or taking bribes. With the enactment of the Foreign Extortion Prevention Act (FEPA), buried deep within…
Continue ReadingThird Circuit Clarifies Comity Abstention Test
The Third Circuit recently clarified the appropriate test for deferring to foreign bankruptcy proceedings. The court’s opinion in Vertiv, Inc. v. Wayne Burt PTE, Ltd. is clear, correct, and helpful in disambiguating the different contexts in which other federal courts have referred to “international comity abstention” and adjudicatory comity. The Facts In January 2020, Vertiv,…
Continue ReadingOral Argument Recap: Reid v. Doe Run Resources Corp.
On Tuesday, the Eighth Circuit heard oral argument in Reid v. Doe Run Resources Corp., an ad hoc interlocutory appeal limited to the question of whether the district court should have abstained in that case based on foreign policy concerns. The facts of the case are described in a prior post. This post summarizes Tuesday’s…
Continue ReadingEighth Circuit Weighing Adoption of Foreign Relations Abstention
The Eighth Circuit will soon hear an interlocutory appeal to consider permitting abstention based on foreign relations concerns. In Reid v. Doe Run Resources Corp. (as the case is captioned on appeal), Peruvian citizens allege they were seriously harmed as children by toxic substances emitted by a metallurgical refining complex in Peru and that this…
Continue ReadingFederal Court in Nevada Allows Ethiopia Bribery Claims to Move Forward
In a fascinating decision, the District Court for the District of Nevada (Judge Richard Boulware) recently allowed civil RICO claims to proceed against a Nevada resident based on bribery in Ethiopia, while dismissing claims against Ethiopian government entities under the Foreign Sovereign Immunities Act (FSIA). Fremichael Ghebreyesus v. Federal Democratic Republic of Ethiopia not only…
Continue ReadingThoughts on the Petitioner’s Brief in Great Lakes
In a prior post, I surveyed the facts, procedural history, and potential significance of Great Lakes Insurance SE v. Raiders Retreat Realty Co., LLC, an upcoming Supreme Court case about the enforceability of choice-of-law clauses in maritime insurance contracts. In this post, I offer some thoughts on the brief filed by the petitioner, Great Lakes Insurance…
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