Saturday, June 4, 2022

Yemen Was Found Liable for $3M in Oil Case but FRBNY Resists Providing Central Bank Info

 

By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - ESPN

SDNY COURTHOUSE, May 31 – The Republic of Yemen, such as it is, was sued by Gujarat State Petroleum Corp. Ltd. and lost by default.

  DDC Judge Dabney L. Friedrich, now presiding over many January 6 Capitol breach cases,  found the Republic of Yemen liable for over $3 million.

   But that was just the beginning. Now Gujurat wants information about Yemen's central bank account from the Federal Reserve Bank of New York.         

   On November 23, 2021 U.S. District Court for the Southern District of New York Judge Ronnie Abrams held an in-person oral argument.  Inner City Press went and covered it.  

 The Federal Reserve Bank of New York , which is not a governmental entity, is seeking to use the sovereign immunity of Yemen, which many view for now as a Saudi protectorate, to quash Gujarat's subpoena. 

 For this proposition, the FRBNY cites another SDNY case Inner City Press has been covering: Preble-Rish Haiti, S.A. v. Republic of Haiti, 21-cv-4960 (Castel). 

  But Gujarat on November 23 counted with a District of Massachusetts case about Kazakhstan for which is quickly read out the LEXIS and Westlaw citations.

On May 31, 2022, petitioners' lawyer Gregorny M. Starner in an in-person proceeding Inner City Press went to cover told Judge Abrams they are narrowing their subpoena(s) to the Fed. The Fed's counsel countered that it was not much narrowed. The parties are to confer and submit a joint letter by June 6, whether they have agreed or need judicial intervention. Judge Abram emphasized that by negotiating, the Fed would not be prejudicing its right to appeal.

Yemen, including its Central Bank, was nowhere to be seen. This while the UN Secretary General is bragging about his contacts with the new Saudi negotiated government. Inner City Press will continue on these stories

This case is Gujarat State Petroleum Corporation Ltd. et al v. Republic of Yemen et al., 19-mc-547 (Abrams) 

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