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This document summarizes a court case regarding assets seized from two failed Yugoslavian banks, Jugobanka and Beogradska Banka, by the Superintendent of Banks of New York. The Deposit Insurance Agency of Serbia and Montenegro, acting as bankruptcy administrator, filed petitions under Section 304 of the US Bankruptcy Code to recover the assets. The Superintendent claimed immunity from the suit under the Eleventh Amendment as an arm of New York state. The district court rejected this claim, finding jurisdict

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Scribd Government Docs

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EN