Saturday, January 16, 2021

WTF IS HAPPENING IN THE US PILATUS BANK LETTERS ROGATORY CASE ??



In re Pilatus Bank PLC,  the Leters Rogatory (Discovery request) matter, in which the bank is seeking information for its pending EU action to reinstate its license, as well as a proposed civil suit for bamages against the European Central Bank, remains a mystery.What is the status, we ask ?

Here's what we know:

(1) the District Judge gave the bank until just before Christmas to amend, and to serve Lawrence Connell, the Competent Person in the Malta Pilatus Bank disposition. If there was no service, then the case would stand dismissed.

(2) Notwithstanding this, Pilatus' Miami attorneys served Connell AFTER the deadline, which  may or may not stand. The Court has not yet been requested to reinstate the case, nor has it acted Sue Sponte ( on its own) to do so.

(3) Now, the parties have executed  Stipulation to extend time for Connell to respond to the Amended Petition. There is a section for the Court to approve of the Stipulation, but to date we have not seen it do so.

Question: Does the Court still have jurisdiction over the action? We cannot say.but we wish somebody would seek some judicial guidance in the way of a ruling. Also, is Connell going to fight compliance with the Discovery request ?  Please, let's get some answers. 


 

 



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