Preble-Rish Haiti SA v Republic of Haiti and Bureau De Monétisation Des Programmes d'Aide au Développement (BMPAD) - United States District Court Southern District of New York Case No 21-cv-9040 - Opinion - 27 July 2022
Country
Year
2022
Summary
This is a motion by Banque Nationale de Crédit ("BNC"), an autonomous commercial bank wholly owned by the Republic of Haiti, to intervene in this action and vacate the maritime attachments of two bank accounts and more than $58 million in funds, of which approximately $29 million are held in a BNC account at the Bank of New York Mellon (the "BNC Mellon Account") and approximately $29 million are held in a BNC account at Raymond James & Associates, Inc. ("RJAI"), another financial institution (the "BNC RJAI Account") (collectively, the "BNC Accounts").