Gabon Account Freeze Order In Pipeline Dispute Harmed Comity, 2nd Circuit Told

(November 3, 2023, 1:27 PM EDT) -- NEW YORK — Two Citibank entities in an appellant brief filed with the Second Circuit U.S. Court of Appeals challenge a New York federal judge’s “unprecedented extraterritorial order” directing them to compel a Gabonese affiliate to freeze a Cameroonian pipeline company’s $151 million account pending the outcome of a shareholder arbitration, writing that the order offends comity and was issued the same day a Gabonese court unfroze the account....