2nd Circuit Vacates Gabon Account Freeze Order In Pipeline Dispute

(June 17, 2024, 2:27 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals on June 14 vacated a federal judge’s ruling giving an effect to an emergency arbitrator’s order directing shareholders of a Cameroonian pipeline company to leave a bank account in Gabon frozen, writing that the judge lacked authority to order two Citibank entities to compel their Gabonese affiliate to freeze the $151 million account....

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