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21 Dec 2017, 2:58 am by GUY BLACKWOOD QC, QUADRANT CHAMBERS
” (para 54) Summary The Supreme Court has dispensed with the unreasoned distinction for the situs of debts under letters of credit created by Power Curber International Ltd v National Bank of Kuwait SAK [1981] 1 WLR 1233 and issued third party debt orders notwithstanding the collateral contractual right of the CBI under the l/cs that payment would be made in a certain way. [read post]
21 Dec 2017, 2:57 am by GUY BLACKWOOD QC, QUADRANT CHAMBERS
Field J held as follows: The situs of the debt owed under the letters of credit was the residence of the debtor, Crédit Agricole, which was London and not the place of payment, New York (distinguishing Power Curber International Ltd v National Bank of Kuwait SAK [1981] 1 WLR 1233). [read post]
19 Dec 2017, 2:53 pm by Thompson & Knight LLP
(the “Debtor”) and certain of its affiliated entities[1] (collectively, the “Debtors”) filed chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of Texas. [read post]
19 Dec 2017, 2:53 pm by Thompson & Knight LLP
(the “Debtor”) and certain of its affiliated entities[1] (collectively, the “Debtors”) filed chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of Texas. [read post]
18 Dec 2017, 9:10 am by Rachel Sandler
    [1] https://nrf.com/resources/consumer-research-and-data/holiday-spending/holiday-headquarters [2] SunTrust Bank v. [read post]
17 Dec 2017, 3:28 pm by Wolfgang Demino
And the credit card account at issue in Madden was presumably one of those, because the 2d Circuit opinion in Madden v Midland mentions a notice-of-change-in-terms that changed the choice-of-law state to Delaware, FIA's home state.Exemplar of Bank of America N.A. [read post]
17 Dec 2017, 3:28 pm by Wolfgang Demino
The account at issue in Madden v Midland involved an open-end credit card plan (aka credit card account) and the account was not sold by Bank of America to an unaffiliated national bank, contrary representation by the Curious authors notwithstanding. [read post]
15 Dec 2017, 6:13 am
Wang (Harvard Business School), on Wednesday, December 13, 2017 Tags: Airgas v. [read post]
14 Dec 2017, 10:48 pm by GJEL
Other banks involved in the settlement include Bank of America and Citigroup. [read post]