For Your Data Commonwealth Of Argentina V. Weltover, Inc. Illustration Brief
September 06, 2019
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Republic of Argentine Republic v. Weltover, Inc. case brief summary
504 U.S. 607 (1992)
CASE FACTS
Petitioners, a unusual nation as well as bank, refinanced the debts they owed respondent creditors past times issuing authorities bonds to respondents, which were denominated inward United States of America of America dollars. Petitioners afterward attempted to reschedule the bonds, as well as respondents sued petitioners for breach of contract. The district courtroom denied petitioners' motions to post away for lack of champaign of written report affair jurisdiction, lack of personal jurisdiction, as well as forum non conveniens. The appellate courtroom affirmed the judgment as well as held that petitioners were non immune from the federal courts' jurisdiction nether the Foreign Sovereign Immunities Act of 1976 (the Act),28 U.S.C.S. § 1602 et seq.
DISCUSSION
CONCLUSION
The judgment affirming the denial of petitioners' motions to post away for lack of champaign of written report affair jurisdiction, lack of personal jurisdiction, as well as forum non conveniens was affirmed because petitioners' issuance of authorities bonds constituted commercial activity nether the Foreign Sovereign Immunities Act of 1976, as well as petitioners' rescheduling the bonds had a similar a shot consequence on the United States.
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504 U.S. 607 (1992)
CASE SYNOPSIS
Petitioners, a unusual authorities as well as bank, appealed a judgment from the United States of America of America Court of Appeals for the Second Circuit that affirmed the denial of petitioners' motions to post away for lack of champaign of written report affair jurisdiction, lack of personal jurisdiction, as well as forum non conveniens inward respondent creditors' breach of contract action.CASE FACTS
Petitioners, a unusual nation as well as bank, refinanced the debts they owed respondent creditors past times issuing authorities bonds to respondents, which were denominated inward United States of America of America dollars. Petitioners afterward attempted to reschedule the bonds, as well as respondents sued petitioners for breach of contract. The district courtroom denied petitioners' motions to post away for lack of champaign of written report affair jurisdiction, lack of personal jurisdiction, as well as forum non conveniens. The appellate courtroom affirmed the judgment as well as held that petitioners were non immune from the federal courts' jurisdiction nether the Foreign Sovereign Immunities Act of 1976 (the Act),28 U.S.C.S. § 1602 et seq.
DISCUSSION
- The Supreme courtroom affirmed the judgment.
- Petitioners' issuance of the bonds was a commercial activity nether the Act because petitioners' actions could endure exercised past times individual parties; the bonds could endure held past times individual parties, were negotiable, as well as were traded on the international market.
- Petitioners' attempted rescheduling of the bonds had a similar a shot consequence on the United States of America of America because New York was the house of functioning for petitioners' ultimate contractual obligations.
CONCLUSION
The judgment affirming the denial of petitioners' motions to post away for lack of champaign of written report affair jurisdiction, lack of personal jurisdiction, as well as forum non conveniens was affirmed because petitioners' issuance of authorities bonds constituted commercial activity nether the Foreign Sovereign Immunities Act of 1976, as well as petitioners' rescheduling the bonds had a similar a shot consequence on the United States.
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