United States Second Circuit

Denial of appellant's state sovereign immunity defense to bankruptcy proceedings brought under 11 U.S.C. section 304 by appellee, the foreign bankruptcy administrator of two banks of the former State Union of Serbia and Montenegro, is affirmed primarily where a prima facie case exists for permitting suit under Ex parte Young.

Appellate Information

• Argued 12/01/2005
• Decided 03/29/2007
• Published 03/29/2007

Judges

• CARDAMONE, Circuit Judge., Before CARDAMONE, LEVAL, and SACK, Circuit Judges.

Court

• United States Second Circuit

Counsel

• For Appellant:
  
• William J. Snipes, New York, N.Y. (Niall D. O'Murchadha, Sullivan & Cromwell LLP, New York, NY, of counsel), for Appellant., Thomas C. Baxter, New York, N.Y. (Shari D. Leventhal, Federal Reserve Bank of New York, New York, NY, of counsel), filed a brief for Amicus Curiae Federal Reserve Bank of New York., Robert J. Lack, Friedman Kaplan Seiler & Adelman LLP, New York, N.Y. (Lawrence R. Uhlick, Executive Director and General Counsel, Institute of International Bankers, New York, NY;  Hal Neier, Anne E. Beaumont, Friedman Kaplan Seiler & Adelman LLP, New York, NY, of counsel), filed a brief for Amicus Curiae Institute of International Bankers., Michael E. Wiles, Debevoise & Plimpton LLP, New York, N.Y. (Norman R. Nelson, General Counsel, The Clearing House Association L.L.C., New York, NY;  Troy A. McKenzie, Ethan J. Leib, Debevoise & Plimpton LLP, New York, NY, of counsel), filed a brief on behalf of The Clearing House Association L.L.C. as Amicus Curiae., Michael S. Feldberg, New York, N.Y. (Daniel P. Cunningham, Scott M. Sullivan, Owen P. Lefkon, Allen & Overy LLP, New York, NY, of counsel), filed a brief for Amici Curiae International Swaps and Derivatives Association, Inc. and the Foreign Exchange Committee., John Gorman, General Counsel, Conference of State Bank Supervisors, Washington, D.C., filed a brief on behalf of the Conference of State Bank Supervisors and the States of California, Connecticut, Florida, Georgia, Illinois, and Texas as Amici Curiae., Henry Weisburg, New York, N.Y. (Douglas Landy, Shearman & Sterling LLP, New York, NY;  Perry S. Bechky, Shearman & Sterling LLP, Washington, D.C., of counsel), filed a brief for Amicus Curiae Fixed Income Clearing Corporation.


• For Appellees:
  
• Thomas J. Donlon, Stamford, CT (Christopher J. Major, Alexander D. Pencu, Robinson & Cole LLP, Stamford, CT, of counsel), for Debtor-Appellee.