Knowledge (XXG)

JPMorgan Chase Bank v. Traffic Stream (BVI) Infrastructure Ltd.

Source đź“ť

324:
statutory history of alienage jurisdiction, the Court held that a British Virgin Islands corporation could be considered a citizen or subject of a sovereign state, the United Kingdom. The fact that British Virgin Islands residents are not citizens or subjects of the United Kingdom under British nationality law, the Court held, did not negate that they are citizens or subjects of a foreign state for purposes of the alienage jurisdiction statute. The Court also observed that its decision was consistent with the views of the governments of the United Kingdom, the British Virgin Islands, and the United States.
31: 486: 1089: 1065: 1077: 307:
The Court observed that Congress has authorized the federal courts to hear civil actions involving more than $ 75,000 between "citizens of a State and citizens or subjects of a foreign state." A corporation incorporated under the laws of a foreign state is deemed a citizen of that foreign state. The
323:
The Supreme Court disagreed, finding the distinction drawn by the Second Circuit to be "entirely beside the point of the statute providing alienage jurisdiction." After surveying the political status of British territories such as the British Virgin Islands, as well as the constitutional and
303:
wrote the opinion for a unanimous Court, reversing the Second Circuit's decision and holding that a British Virgin Islands company like Traffic Stream was properly considered a "citizen or subject of a foreign state" for jurisdictional purposes.
246:
was based on alienage under 28 U.S.C. § 1332(a)(3), in that the suit was between a United States company and a "citizen or subject of a foreign state." The District Court ruled for Chase, and Traffic Stream appealed.
1130: 1150: 334: 260:
whether federal subject-matter jurisdiction existed over the action. The Second Circuit concluded that jurisdiction was lacking. The court reasoned that since the British Virgin Islands are a
1120: 357: 251: 111: 72: 1140: 1145: 1125: 416: 1115: 1030: 854: 739: 243: 945: 804: 844: 774: 212: 35: 449: 799: 940: 904: 726: 1035: 784: 465: 239: 409: 235: 990: 1005: 309: 268:
corporation was not a "citizen or subject of a foreign state." The Second Circuit panel relied on the Circuit's prior
995: 640: 216: 230:(which later became JP Morgan Chase) sued Traffic Stream (BVI) Infrastructure Ltd., a company incorporated in the 1081: 819: 731: 667: 316:
under British and international law, a British Virgin Islands company was not a citizen or subject of a foreign
1088: 899: 849: 1135: 1069: 1015: 1000: 577: 402: 377: 970: 879: 864: 265: 231: 144: 1010: 985: 975: 894: 884: 839: 592: 557: 361: 64: 980: 814: 809: 749: 744: 567: 515: 227: 219:
is considered a "citizen or subject of a foreign state" for purposes of federal court jurisdiction.
889: 622: 475: 261: 172: 1050: 955: 859: 789: 779: 703: 654: 90:
619; 2002 Cal. Daily Op. Service 5034; 2002 Daily Journal DAR 6353; 15 Fla. L. Weekly Fed. S 359
485: 1045: 909: 829: 587: 572: 470: 136: 128: 708: 632: 617: 612: 552: 454: 950: 930: 925: 834: 824: 313: 300: 168: 156: 935: 794: 695: 627: 607: 597: 562: 425: 180: 148: 1093: 368: 250:
Although no jurisdictional issue had been raised in the District Court, on appeal the
1109: 1025: 769: 759: 690: 582: 526: 287: 291:
brief from the government of the United Kingdom. The Court agreed to hear the case.
1040: 1020: 960: 754: 547: 160: 67: 965: 869: 682: 677: 531: 509: 439: 87: 764: 672: 602: 444: 281: 256: 106: 83: 54:
JPMorgan Chase Bank, Petitioner v. Traffic Stream (BVI) Infrastructure Limited
874: 273: 79: 386: 308:
Second Circuit's view was that because the British Virgin Islands are a
276:
prior to the transfer of Hong Kong from British to Chinese sovereignty.
272:
decision, which had reached the same conclusion concerning a citizen of
394: 398: 354:
JPMorgan Chase Bank v. Traffic Stream (BVI) Infrastructure Ltd.
208:
JPMorgan Chase Bank v. Traffic Stream (BVI) Infrastructure Ltd.
30: 24:
JPMorgan Chase Bank v. Traffic Stream (BVI) Infrastructure Ltd.
335:
HIH Casualty and General Insurance Ltd v Chase Manhattan Bank
234:, in a dispute over a financing. Chase filed the suit in the 1131:
United States Supreme Court cases of the Rehnquist Court
215:
held that a corporation organized under the laws of a
279:
Traffic Stream petitioned the U.S. Supreme Court for
112:
United States Court of Appeals for the Second Circuit
1151:
United States federal question jurisdiction case law
918: 717: 653: 540: 502: 493: 432: 193: 188: 117: 100: 95: 59: 49: 42: 23: 1121:United States Constitution Article Three case law 211:, 536 U.S. 88 (2002), was a case in which the 410: 8: 1026:Indiana Michigan Power Center (Fort Wayne) 499: 417: 403: 395: 20: 1146:British Virgin Islands company law cases 1031:JPMorgan Chase Building (San Francisco) 320:for purposes of alienage jurisdiction. 1141:United Kingdom–United States relations 855:National Bank of Commerce in New York 18:2002 United States Supreme Court case 7: 1076: 946:270 Park Avenue (2021–present) 740:Banca Commerciale Italiana Trust Co. 845:Mechanics and Metals National Bank 213:Supreme Court of the United States 36:Supreme Court of the United States 14: 1126:United States Supreme Court cases 991:Chase Tower (Englewood, Colorado) 941:270 Park Avenue (1960–2021) 264:rather than a "foreign state," a 1087: 1075: 1064: 1063: 800:Fourth National Bank of New York 484: 364:88 (2002) is available from: 29: 905:Valley National Bank of Arizona 1116:2002 in United States case law 1036:JPMorgan Chase Tower (Houston) 1: 785:Dime Savings Bank of New York 466:Highbridge Capital Management 240:Southern District of New York 775:Continental Bank & Trust 236:United States District Court 86:4203; 70 U.S.L.W. 4520; 197 1006:Chase Tower (Oklahoma City) 310:British dependent territory 1167: 996:Chase Tower (Indianapolis) 459:Chase Card Services Canada 387:Oyez (oral argument audio) 217:British overseas territory 1059: 1046:One Chase Manhattan Plaza 732:American Savings and Loan 482: 285:, with the support of an 122: 28: 900:Trust Company of America 850:National Bank of Detroit 1016:Chase Tower (Rochester) 1001:Chase Tower (Milwaukee) 880:Robert Fleming & Co 578:William B. Harrison Jr. 971:Chase Tower (Amarillo) 865:New York Trust Company 266:British Virgin Islands 232:British Virgin Islands 1011:Chase Tower (Phoenix) 986:Chase Tower (El Paso) 976:Chase Tower (Chicago) 895:The Manhattan Company 885:State Bank of Chicago 840:Manufacturers Hanover 815:HF Ahmanson & Co. 810:Hambrecht & Quist 593:Douglas A. Warner III 558:Junius Spencer Morgan 78:122 S. Ct. 2054; 153 45:Decided June 10, 2002 43:Argued April 17, 2002 981:Chase Tower (Dallas) 765:Chase Manhattan Bank 750:Bank United of Texas 568:Henry Sturgis Morgan 548:John Pierpont Morgan 516:Mary Callahan Erdoes 462:EMC Mortgage Company 295:Opinion of the Court 244:Federal jurisdiction 228:Chase Manhattan Bank 890:Texas Commerce Bank 736:Anchor Savings Bank 623:Dennis Weatherstone 476:One Equity Partners 378:Library of Congress 262:dependent territory 173:Ruth Bader Ginsburg 145:Sandra Day O'Connor 1051:The Qube (Detroit) 956:383 Madison Avenue 860:National Park Bank 830:JP Morgan & Co 805:Great Western Bank 780:Corn Exchange Bank 704:Phebe N. Novakovic 471:JP Morgan & Co 197:Souter, joined by 133:Associate Justices 1103: 1102: 910:Washington Mutual 727:American Fletcher 649: 648: 588:Walter V. Shipley 573:David Rockefeller 204: 203: 129:William Rehnquist 1158: 1091: 1079: 1078: 1067: 1066: 820:Indiana National 709:Virginia Rometty 633:Winthrop Aldrich 618:Thomas W. Lamont 613:James B. Lee Jr. 553:J. P. Morgan Jr. 500: 488: 455:Chase Paymentech 419: 412: 405: 396: 391: 385: 382: 376: 373: 367: 118:Court membership 33: 32: 21: 1166: 1165: 1161: 1160: 1159: 1157: 1156: 1155: 1106: 1105: 1104: 1099: 1055: 951:277 Park Avenue 931:245 Park Avenue 926:125 London Wall 914: 835:Lincoln Savings 825:Jardine Fleming 719: 713: 656: 645: 536: 523:Gordon A. Smith 520:Daniel E. Pinto 495: 489: 480: 428: 423: 389: 383: 380: 374: 371: 365: 349: 344: 330: 314:sovereign state 301:David H. Souter 297: 225: 171: 169:Clarence Thomas 159: 157:Anthony Kennedy 147: 137:John P. Stevens 91: 44: 38: 19: 12: 11: 5: 1164: 1162: 1154: 1153: 1148: 1143: 1138: 1136:JPMorgan Chase 1133: 1128: 1123: 1118: 1108: 1107: 1101: 1100: 1098: 1097: 1085: 1073: 1060: 1057: 1056: 1054: 1053: 1048: 1043: 1038: 1033: 1028: 1023: 1018: 1013: 1008: 1003: 998: 993: 988: 983: 978: 973: 968: 963: 958: 953: 948: 943: 938: 936:25 Bank Street 933: 928: 922: 920: 916: 915: 913: 912: 907: 902: 897: 892: 887: 882: 877: 872: 867: 862: 857: 852: 847: 842: 837: 832: 827: 822: 817: 812: 807: 802: 797: 792: 787: 782: 777: 772: 767: 762: 757: 752: 747: 742: 737: 734: 729: 723: 721: 715: 714: 712: 711: 706: 701: 698: 696:Mellody Hobson 693: 688: 685: 680: 675: 670: 665: 661: 659: 651: 650: 647: 646: 644: 643: 638: 635: 630: 628:John J. McCloy 625: 620: 615: 610: 608:Blythe Masters 605: 600: 598:Temple Bowdoin 595: 590: 585: 580: 575: 570: 565: 563:George Peabody 560: 555: 550: 544: 542: 538: 537: 535: 534: 529: 524: 521: 518: 513: 506: 504: 497: 491: 490: 483: 481: 479: 478: 473: 468: 463: 460: 457: 452: 447: 442: 436: 434: 430: 429: 426:JPMorgan Chase 424: 422: 421: 414: 407: 399: 393: 392: 348: 347:External links 345: 343: 340: 339: 338: 329: 326: 312:rather than a 296: 293: 252:Second Circuit 224: 221: 202: 201: 195: 191: 190: 186: 185: 184: 183: 181:Stephen Breyer 149:Antonin Scalia 134: 131: 126: 120: 119: 115: 114: 102: 98: 97: 93: 92: 77: 61: 57: 56: 51: 50:Full case name 47: 46: 40: 39: 34: 26: 25: 17: 13: 10: 9: 6: 4: 3: 2: 1163: 1152: 1149: 1147: 1144: 1142: 1139: 1137: 1134: 1132: 1129: 1127: 1124: 1122: 1119: 1117: 1114: 1113: 1111: 1096: 1095: 1090: 1086: 1084: 1083: 1074: 1072: 1071: 1062: 1061: 1058: 1052: 1049: 1047: 1044: 1042: 1039: 1037: 1034: 1032: 1029: 1027: 1024: 1022: 1019: 1017: 1014: 1012: 1009: 1007: 1004: 1002: 999: 997: 994: 992: 989: 987: 984: 982: 979: 977: 974: 972: 969: 967: 964: 962: 959: 957: 954: 952: 949: 947: 944: 942: 939: 937: 934: 932: 929: 927: 924: 923: 921: 917: 911: 908: 906: 903: 901: 898: 896: 893: 891: 888: 886: 883: 881: 878: 876: 873: 871: 868: 866: 863: 861: 858: 856: 853: 851: 848: 846: 843: 841: 838: 836: 833: 831: 828: 826: 823: 821: 818: 816: 813: 811: 808: 806: 803: 801: 798: 796: 793: 791: 790:First Chicago 788: 786: 783: 781: 778: 776: 773: 771: 770:Chemical Bank 768: 766: 763: 761: 760:CenTrust Bank 758: 756: 753: 751: 748: 746: 743: 741: 738: 735: 733: 730: 728: 725: 724: 722: 716: 710: 707: 705: 702: 699: 697: 694: 692: 691:Laban Jackson 689: 687:Timothy Flynn 686: 684: 681: 679: 676: 674: 671: 669: 666: 664:Linda Bammann 663: 662: 660: 658: 652: 642: 639: 637:Matthew Zames 636: 634: 631: 629: 626: 624: 621: 619: 616: 614: 611: 609: 606: 604: 601: 599: 596: 594: 591: 589: 586: 584: 583:John B. McCoy 581: 579: 576: 574: 571: 569: 566: 564: 561: 559: 556: 554: 551: 549: 546: 545: 543: 539: 533: 530: 528: 527:Marianne Lake 525: 522: 519: 517: 514: 511: 508: 507: 505: 501: 498: 492: 487: 477: 474: 472: 469: 467: 464: 461: 458: 456: 453: 451: 448: 446: 443: 441: 438: 437: 435: 431: 427: 420: 415: 413: 408: 406: 401: 400: 397: 388: 379: 370: 363: 359: 355: 351: 350: 346: 341: 337: 336: 332: 331: 327: 325: 321: 319: 315: 311: 305: 302: 294: 292: 290: 289: 288:amicus curiae 284: 283: 277: 275: 271: 267: 263: 259: 258: 253: 248: 245: 241: 237: 233: 229: 222: 220: 218: 214: 210: 209: 200: 196: 192: 187: 182: 178: 174: 170: 166: 162: 158: 154: 150: 146: 142: 138: 135: 132: 130: 127: 125:Chief Justice 124: 123: 121: 116: 113: 109: 108: 103: 99: 94: 89: 85: 81: 75: 74: 69: 66: 62: 58: 55: 52: 48: 41: 37: 27: 22: 16: 1092: 1080: 1068: 1041:McCoy Center 1021:Chater House 961:Chase Center 755:Bear Stearns 700:Michael Neal 641:Steven Black 353: 333: 322: 317: 306: 298: 286: 280: 278: 269: 255: 249: 226: 207: 206: 205: 198: 189:Case opinion 176: 164: 161:David Souter 152: 140: 105: 96:Case history 71: 53: 15: 1094:Wikiversity 966:Chase Field 870:Ord Minnett 718:Historical 683:Jamie Dimon 678:James Crown 668:Steve Burke 532:Jing Ulrich 510:Jamie Dimon 440:Beacon Rail 104:On writ of 88:A.L.R. Fed. 1110:Categories 720:components 673:Todd Combs 603:Jes Staley 496:executives 445:Chase Bank 342:References 282:certiorari 257:sua sponte 223:Background 107:certiorari 84:U.S. LEXIS 919:Buildings 875:Providian 795:First USA 657:directors 655:Board of 433:Divisions 274:Hong Kong 254:inquired 199:unanimous 82:95; 2002 80:L. Ed. 2d 60:Citations 1070:Category 745:Bank One 494:Notable 450:Chase UK 352:Text of 328:See also 299:Justice 238:for the 194:Majority 1082:Commons 503:current 270:Matimak 110:to the 541:former 390:  384:  381:  375:  372:  369:Justia 366:  179: 177:· 175:  167: 165:· 163:  155: 153:· 151:  143: 141:· 139:  512:(CEO) 360: 318:state 101:Prior 362:U.S. 73:more 65:U.S. 63:536 358:536 1112:: 356:, 242:. 68:88 418:e 411:t 404:v 76:) 70:(

Index

Supreme Court of the United States
U.S.
88
more
L. Ed. 2d
U.S. LEXIS
A.L.R. Fed.
certiorari
United States Court of Appeals for the Second Circuit
William Rehnquist
John P. Stevens
Sandra Day O'Connor
Antonin Scalia
Anthony Kennedy
David Souter
Clarence Thomas
Ruth Bader Ginsburg
Stephen Breyer
Supreme Court of the United States
British overseas territory
Chase Manhattan Bank
British Virgin Islands
United States District Court
Southern District of New York
Federal jurisdiction
Second Circuit
sua sponte
dependent territory
British Virgin Islands
Hong Kong

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.

↑