- 28 U.S.C.
Archangel Diamond Corp. v. OAO Lukoil (In re Archangel Diamond Corp.)
Oct
28
2010
Ruling
Discretionary abstention exercised with regard to debtor's RICO action against Russian company.
Procedural posture
Debtor, a Canadian company, filed an action in the Denver District Court (Colorado) in 2001, alleging, inter alia, that defendant, a Russian company, breached a contract the parties entered for the purpose of mining diamonds. The case was moved to federal district court and referred to the bankruptcy court after the debtor was forced into bankruptcy, and the Russian company filed a motion for abstention and remand to the state court.
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Court
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