In Re: Arcapita Bank B.S.C.(C)
| Arcapita Bank B.S.C.(C) |
| Official Committee of Unsecured Creditors of Arcapita Bank B.S.C. (C), et al. |
| Bahrain Islamic Bank |
| 1:2015cv03828 |
| May 18, 2015 |
| US District Court for the Southern District of New York |
| Foley Square Office |
| New York |
| George B. Daniels |
| Appeal |
| 28 U.S.C. ยง 0158 |
| None |
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Filing
23
MEMORANDUM DECISION AND ORDER: The Banks' selection and use of correspondent bank accounts in New York provides a sufficient basis for a court to assert personal jurisdiction over them. Accordingly, this Court vacates the Bankruptcy Court's orders dismissing with prejudice the Committee's underlying adversary proceedings against each Bank, and remands them to the Bankruptcy Court. SO ORDERED. (Signed by Judge George B. Daniels on 3/30/2016) (ama)
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