REPUBLIC OF PHILIPPINES v. MARCOS

Nos. 1455, 1456, 1457, Dockets 86-7350, 86-7356, 86-7362.

806 F.2d 344 (1986)

The REPUBLIC OF the PHILIPPINES, Plaintiff-Appellee, v. Ferdinand E. MARCOS, Imelda Marcos, Ralph Bernstein, Joseph Bernstein, Gliceria Tantoco, Vilma Bautista, Antonio Floirendo, Paul A. Crotty, as Commissioner of Finance of the City of New York, Department of Finance of the City of New York, City Register's Office of the City of New York, John Kinsella, County Clerk, Suffolk County, New York Land Company, a/k/a Greatneckers Realty, Inc., Canadian Land Company of America, a/k/a Canadian Land Company of America, N.V. (formerly Lastura Corporation, N.V.), Lastura Corporation, N.V., Herald Center, Ltd. (formerly Volby, Ltd.), Volby, Ltd., Glockhurst Corp., N.V., Realmad Properties Ltd., Briwater Associates, a partnership, Nyland (CF8) Ltd. (formerly Ainsville, N.V.), Ainsville, N.V., and Ancor Holdings, N.V., Defendants, New York Land Company, Joseph Bernstein, Ralph Bernstein, the Canadian Land Company of America, Herald Center Ltd., and Nyland (CF8) Ltd., and Ancor Holdings, N.V., and Glockhurst Corp., N.V., Defendants-Appellants.

United States Court of Appeals, Second Circuit.

Decided November 26, 1986.


Attorney(s) appearing for the Case

Michael J. Silverberg, New York City (Phillips, Nizer, Benjamin, Krim & Ballon, Lawrence M. Sands, New York City, of counsel), for defendants-appellants New York Land Co., Joseph Bernstein and Ralph Bernstein.

Philip R. Carter, New York City (Bernstein, Carter & Deyo, Tina Schechter, New York City, of counsel), for defendants-appellants The Canadian Land Co. of America, Herald Center Ltd., and Nyland (CF8) Ltd.

Gerald Walpin, New York City (Rosenman Colin Freund Lewis & Cohen, Lawrence G. Golde, Steven Dixon, Donna Soares, New York City, of counsel), for defendant-appellant Ancor Holdings, N.V.

David J. Eiseman, New York City (Golenbock, Eiseman, Assor, Bell & Perlmutter, Jeffrey T. Golenbock, New York City, of counsel), for defendant-appellant Glockhurst Corp., N.V.

Morton Stavis, Peter Weiss, New York City (Center for Constitutional Rights, Franklin Siegel, Juan Saavedra-Castro, New York City, of counsel); (Severina Rivera, Mahlon F. Perkins, Jr., Ralph Shapiro, Michael Krinsky, Washington, D.C., on the brief); (Sills, Beck, Cummis, Zuckerman, Radin, Tischman & Epstein, P.A., Clive S. Cummis, Jeffrey J. Greenbaum, Washington, D.C., of counsel), for plaintiff-appellee The Republic of the Philippines.

Before OAKES, ALTIMARI, and MAHONEY, Circuit Judges.


OAKES, Circuit Judge:

This appeal is from a grant of a preliminary injunction in favor of The Republic of the Philippines ("The Republic") by the United States District Court for the Southern District of New York, Pierre N. Leval, Judge. The injunction continued an expiring temporary restraining order conditioned on the posting of a bond of $3 million against the transfer or encumbrance of five pieces of real property (the "properties"), four of which are located...

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