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NOREX PETROLEUM v. BLAVATNIK

No. 121

23 N.Y.3d 665 (2014)

16 N.E.3d 561

992 N.Y.S.2d 503

2014 NY Slip Op 4802

NOREX PETROLEUM LIMITED, Appellant, v. LEONARD BLAVATNIK et al., Respondents.

Court of Appeals of New York.

Decided June 26, 2014.

Attorney(s) appearing for the Case

Simpson Thacher & Bartlett LLP, New York City ( Barry R. Ostrager , Mary Kay Vyskocil , Jonathan M. Weiss and Hirai D. Mehta of counsel), and Simpson Thacher & Bartlett LLP, Los Angeles, California, for appellant.

White & Case LLP, New York City ( Owen C. Pell , Scott E. Hershman , Brian E. Fritz and Max Shterngel of counsel), for OAO Tyumen Oil Company and another, Hoguet Newman Regal & Kenney, LLP, for Simon Kukes, Sullivan & Cromwell LLP, New York City, Sullivan & Cromwell LLP, Washington, D.C., for BP PLC, Patterson Belknap Webb & Tyler LLP, New York City, for Renova, Inc., Akin Gump Strauss Hauer & Feld LLP, for Alfa Group Consortium, Curtis, Mallet-Prevost, Colt & Mosle LLP, for Leonard Blavatnik, Reed Smith LLP, for Victor Vekselberg, and Quinn Emanuel Urquhart & Sullivan, LLP, for Access Industries, Inc., respondents.

Jonathan R. Siegel , George Washington University Law School, Washington, D.C., amicus curiae.

David Paul Horowitz , Pound Ridge, amicus curiae.

Chief Judge LIPPMAN and Judges GRAFFEO, SMITH, PIGOTT, RIVERA and ABDUS-SALAAM concur.

OPINION OF THE COURT

READ, J.

This dramatic and long-running contest over control of a lucrative oil field in Western Siberia reduces at present to an open question of New York civil procedure involving the interplay of CPLR 202, New York's "borrowing" statute, and CPLR 205 (a), New York's "savings" statute. When a cause of action accrues outside New York and the plaintiff is a nonresident, section 202 "borrows...

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