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FLAME S.A. v. FREIGHT BULK PTE. LTD.

Nos. 14-2267, 15-1120.

807 F.3d 572 (2015)

FLAME S.A.; Glory Wealth Shipping PTE LTD., Plaintiffs-Appellees, and Vitol, S.A., Party-in-Interest, Noble Chartering Incorporated, Intervenor/Plaintiff, v. FREIGHT BULK PTE. LTD., Defendant-Appellant, and Industrial Carriers, Inc.; Vista Shipping, Inc.; Viktor Baranskiy, Defendants. Flame S.A.; Glory Wealth Shipping PTE LTD., Plaintiffs-Appellees, and Vitol, S.A., Party-in-Interest, Noble Chartering Incorporated, Intervenor/Plaintiff, v. Freight Bulk PTE. LTD., Defendant-Appellant, and Industrial Carriers, Inc.; Vista Shipping, Inc.; Viktor Baranskiy, Defendants.

United States Court of Appeals, Fourth Circuit.

Decided: November 24, 2015.

Attorney(s) appearing for the Case

ARGUED: Anthony J. Franze , Arnold & Porter LLP, Washington, D.C., for Appellant. William Robert Bennett, III , Blank Rome LLP, New York, New York; James H. Power , Holland & Knight LLP, New York, New York, for Appellees. ON BRIEF: Andrew G. McBride , Wiley Rein LLP, Washington, D.C.; John N. Nassikas III , R. Stanton Jones , Daniel F. Jacobson , Arnold & Porter LLP, Washington, D.C., for Appellant. Thomas H. Belknap, Jr. , Alan M. Weigel , Lauren B. Wilgus , Nicholas R. Tambone , Blank Rome LLP, New York, New York, for Appellee Flame S.A. Robert T. Hicks , Samuel Spital , Michael J. Frevola , Marie E. Larsen , Stosh Silivos , Holland & Knight LLP, New York, New York, for Appellee Glory Wealth Shipping PTE LTD.

Affirmed by published opinion. Judge AGEE wrote the opinion, in which Judge WILKINSON and Judge HARRIS joined.

Industrial Carriers, Inc., ("ICI"), a defunct maritime shipping company, breached numerous contracts in the final months of its operation. Among ICI's creditors were FLAME S.A. ("Flame"), who obtained a foreign judgment against ICI for breach of four Forward Freight Swap Agreements ...

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