POSNER, Circuit Judge.
This appeal from an order dissolving a preliminary injunction requires us to untangle a confused procedural skein in order to determine the proper equity procedure to follow in an unusual factual and procedural setting — which we shall ruthlessly simplify to make this opinion intelligible.
Centurion Reinsurance Company was formed in 1979 as a Cayman Islands corporation to engage in the reinsurance business. It had and has two...
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