PaineWebber Inc. v. Chase Manhattan Private Bank (Switzerland)
Court of Appeals for the Fifth Circuit
1Opinion of the Court
WIENER, Circuit Judge:
Respondent-Appellant The Chase Manhattan Private Bank (Switzerland) (“Chase-Switzerland”) appeals the district court’s order to arbitrate third-party claims brought against it by PaineWebber Incorporated (“PaineWebber”), contending that the district court lacked personal jurisdiction over it. We agree, and vacate the district court’s order.
I
FACTS AND PROCEEDINGS
This dispute had its genesis in 1994 when PaineWebber, a financial services firm specializing in private wealth management, approached Chase-Switzerland, a Swiss bank, to secure its services for PaineWebber…
2Cases cited18 opinions
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