03 March 2008

BoNY fails in bid to have judge replaced

I hadnt noticed this case trundling on in Moscow. It raises some interesting issues. Given that Manhattan courts claim jurisdiction over just about every financial transaction in the world, what will happen when this case in Moscow comes to judgement. Theyre only after a cool $22 billion. Hmmm...any connection here with attacks on Russia as not a proper democracy...Nah, I'm being cynical again.

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