Daniel Cavic v. Republic of Montenegro
Opinion
trial_court Opinion
I. Background
On July 18, 2023, Plaintiff filed a Complaint alleging he had bank deposits in “Yugobanka, New York Agency” (“Yugobanka”) and that Yugobanka was liquidated after the breakup of Yugoslavia. (Dkt. 1 (“Compl.”) ¶¶ 5, 7.) Plaintiff alleges a federal district court in New York named Plaintiff as the first creditor in Yugobanka’s liquidation case and awarded Plaintiff $1,064,211.12, comprised of his initial deposit of $31,273 with 10 percent interest compounded annually and attorney’s fees. (Id. ¶¶ 9-10.) Plantiff alleges Defendants Republic of Montenegro, Republic of Serbia, Republic of Bosnia and Herzegovina, Republic of North Macedonia, Republic of Croatia, and Republic of Slovenia (collectively, “Defendants”), are successors to Yugoslavia’s assets and liablities under the 2001 Succession Agreement of Former Yugoslavia (“2001 Succession Agreement”) and are jointly and severally liable for the $1,064,211.12 due to Plaintiff. (Id. ¶¶ 5-6.) Plaintiff further alleges that Defendants have refused to pay Plaintiff the amounts owed to him and asserts breach of contract claims against each of the Defendants. (Id. ¶¶ 11, 46-54.)