PANAMA V. BCCI HOLDINGS (LUXEMBOURG) S.A

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					CIV PRO PANAMA V. BCCI HOLDINGS (LUXEMBOURG) S.A., US Court of Appeals (11th Circuit), 1997. History: District court dismissed Panama’s claims against First American Bank and First American Bank of NY for lack of personal jurisdiction Facts: Complaint says BCCI obtained control over First American defendants; First American allegedly assisted BCCI defendants in transferring stolen money Issue(s): Whether there is jurisdiction. Whether exercising the jurisdiction is constitutional under Due Process Clause of 14th Amendment. Holding: Jurisdiction over First American Analysis: B/c First American defendants are domestic corporations doing business in this country, the statutory basis for personal jurisdiction is satisfied Fairness and reasonablenss should not be discarded when jurisdiction is asserted under a federal statute rather than a state long-arm statute


				
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