United States Second Circuit

Order vacating restraining notices and orders of attachment imposed with respect to an account of the Banco Central de la Rep-blica Argentina at the Federal Reserve Bank of New York on the ground that those assets were protected from attachment by the Foreign Sovereign Immunities Act of 1976, is affirmed as the FRBNY Funds are immune from attachment under the FSIA because the FRBNY Funds continue to be owned by BCRA, a separate juridical entity from defendant Argentina.

Appellate Information

• Decided 01/05/2007
• Published 01/05/2007

Judges

• JOSÉ A. CABRANES, Circuit Judge., Before WINTER, CABRANES, and POOLER, Circuit Judges.

Court

• United States Second Circuit

Counsel

• For Appellant:
  
• David W. Rivkin (Dennis H. Hranitzky, Jason R. Abel, on the brief), Debevoise & Plimpton LLP, New York, NY, for Plaintiff-Appellant EM Ltd., Roy T. Englert, Jr., Robbins, Russell, Englert, Orseck & Untereiner LLP, Washington, DC (Alan E. Untereiner, Robbins, Russell, Englert, Orseck & Untereiner LLP, Washington, DC;  Robert A. Cohen, Dechert LLP, New York, NY, on the brief), for Plaintiff-Appellant NML Capital, Ltd.


• For Appellees:
  
• Jonathan I. Blackman (Carmine D. Boccuzzi, Michael J. Byars, on the brief), Cleary Gottlieb Steen & Hamilton LLP, New York, NY, for Defendant-Appellee The Republic of Argentina., Joseph E. Neuhaus (Laurent S. Wiesel, Claire E. Coleman, Julia M. Guaragna, Sergio J. Galvis, on the brief), Sullivan & Cromwell LLP, New York, NY, for Interested-Non-Party-Appellee Banco Central de la República Argentina., Serrin Turner, Assistant United States Attorney (Michael J. Garcia, United States Attorney, Kathy S. Marks, Assistant United States Attorney, United States Attorney's Office for the Southern District of New York, New York, NY;  Peter Keisler, Assistant Attorney General, Douglas N. Letter, Irene Solet, Department of Justice, Washington, D.C.;  Arnold I. Havens, General Counsel, Department of Treasury, Washington, D.C.;  John B. Bellinger, III, Legal Adviser, Department of State, Washington, D.C., on the brief), United States Attorney's Office for the Southern District of New York, New York, NY, for Amicus Curiae United States of America in support of Appellees., Barry M. Schindler (Thomas C. Baxter, Jr., General Counsel, James P. Bergin, Andrew C. Huszar, on the brief), Federal Reserve Bank of New York, New York, NY, for Amicus Curiae Federal Reserve Bank of New York in support of Appellees.