Legal Opinion

Norex Petroleum Ltd. v. Blavatnik

New York Court of Appeals

Decided June 26, 2014PublishedCited by 15 opinions

1Opinion of the Court

*668OPINION OF THE COURT

Read, J.

This dramatic and long-running contest over control of a lucrative oil field in Western Siberia reduces at present to an open question of New York civil procedure involving the interplay of CPLR 202, New York’s “borrowing” statute, and CPLR 205 (a), New York’s “savings” statute. When a cause of action accrues outside New York and the plaintiff is a nonresident, section 202 “borrows” the statute of limitations of the jurisdiction where the claim arose, if shorter than New York’s, to measure the lawsuit’s timeliness.1 New York’s “savings” statute, section 205 (a),…

2Cases cited18 opinions

  1. Morrison v. National Australia Bank Ltd.Supreme Court of the United States · 2010
  2. Gaines v. . City of New YorkNew York Court of Appeals · 1915
  3. Martin v. Julius Dierck Equipment Co.New York Court of Appeals · 1978
  4. Swarna v. Al-AwadiCourt of Appeals for the Second Circuit · 2010
  5. Global Financial Corp. v. Triarc Corp.New York Court of Appeals · 1999

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3Cited by15 opinions

  1. Chuan Wang v. PalmisanoDistrict Court, S.D. New York · 2016
  2. Wang v. PalmisanoDistrict Court, S.D. New York · 2014
  3. BlackRock Allocation Target Shares v. Wells Fargo BankDistrict Court, S.D. New York · 2017
  4. 2138747 Ontario, Inc. v. Samsung C&T Corp.Appellate Division of the Supreme Court of the State of New York · 2016
  5. ACE Securities Corp. v. DB Structured Products, Inc.New York Supreme Court · 2016

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