Legal Opinion
CIMC Raffles Offshore Ltd. v. Schahin Holding S.A.
District Court, S.D. New York
Decided April 30, 2013No. 13 Civ. 52 JSRPublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM ORDER
JED S. RAKOFF, District Judge.
Petitioners CIMC Raffles Offshore (Singapore) Ltd. and Yantai CIMC Raffles Offshore Ltd. (collectively, “CIMC”), two offshore oil rig construction yards, constructed two semi-submersible drilling vessels for respondents Baerfield Drilling LLC (“BDL”) and Soratu Drilling LLC (“SDL”). See Supp. Decl. of Nwamaka G. Ejebe filed Feb. 15, 2013, Ex. 1 (Final *427Award of Arbitrators). During the course of construction and pursuant to two “Advance and Equity Conversion Agreements,” CIMC loaned $66,125,587 to all six respondents, which failed to repay the…
2Cases cited5 opinions
- Guardian Loan Co. v. EarlyNew York Court of Appeals · 1979
- Koehler v. Bank of Bermuda Ltd.New York Court of Appeals · 2009
- Karaha Bodas Company, L.L.C. v. Perusahaan Pertambangan Minyak Dan Gas Bumi Negara ("Pertamina")Court of Appeals for the Second Circuit · 2002
- Lehman Bros. Holdings Inc. v. JPMorgan Chase Bank, N.A. (In Re Lehman Bros. Holdings Inc.)United States Bankruptcy Court, S.D. New York · 2012
- Midlantic National Bank/North v. ReifDistrict Court, E.D. New York · 1990
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