Legal Opinion
Republic of Iraq v. BNP Paribas USA
Court of Appeals for the Second Circuit
Decided March 28, 2012No. 11-1356-cvUnpublishedCited by 28 opinions
1Opinion of the Court
SUMMARY ORDER
The Republic of Iraq (“Iraq”) appeals from the denial of its motion to compel arbitration and the grant of defendants’ (collectively “BNP Paribas”) motion to stay arbitration. Iraq sought to arbitrate breach of contract and fiduciary duty claims as a purported third-party beneficiary of a contract between the United Nations and BNP Paribas in connection with a 1995 United Nations resolution creating an exception to economic sanctions on Iraq for the sale of oil, provided that proceeds were used to meet the humanitarian needs of the Iraqi people (“Oil-for-Food Program”). See S.C.…
2Cases cited8 opinions
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- Arthur Andersen LLP v. CarlisleSupreme Court of the United States · 2009
- CONTEC CORPORATION, Plaintiff-Counter-Defendant-Appellee, v. REMOTE SOLUTION CO., LTD., Defendant-Counterclaimant-AppellantCourt of Appeals for the Second Circuit · 2005
- Republic of Ecuador v. Chevron Corp.Court of Appeals for the Second Circuit · 2011
- Applied Energetics, Inc. v. NewOak Capital Markets, LLCCourt of Appeals for the Second Circuit · 2011
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3Cited by28 opinions
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- Bigge Crane & Rigging Co. v. Entergy Arkansas, Inc.Supreme Court of Arkansas · 2015
- Gerszberg v. Li & Fung (Trading) Ltd.District Court, S.D. New York · 2016
- Moss v. BMO Harris Bank, N.A.District Court, E.D. New York · 2014
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