Application by Mammoet Salvage B.V., of the Netherlands, to take discovery from Citibank NA, Commerzbank AG, JPMorgan Chase Bank N.A., MashreqBank PSC, MUFG Bank Ltd., Standard Chartered Bank, and UniCredit Bank AG, described as “correspondent banks of the Trade Bank of Iraq”, for use in “currently pending foreign court proceedings in the Netherlands and the United Arab Emirates and contemplated enforcement proceedings in Belgium” regarding “efforts to recognize and enforce an arbitral award in excess of a principal amount of US$85 million entered in favor of Mammoet and against BOC [Basra Oil Company]”, at the U.S. District Court for the Southern District of New York.
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March 21, 2023
Citibank NA, Commerzbank AG, JPMorgan Chase Bank N.A., MashreqBank PSC, MUFG Bank Ltd., Standard Chartered Bank, UniCredit Bank AG
Topics
Banks & Trusts Belgium Iraq Netherlands USAKeywords
Basra Oil Company Citibank Commerzbank JPMorgan Mammoet Salvage