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HANSEN v. PT BANK NEGARA INDONESIA (PERSERO)

No. 12-4053.

706 F.3d 1244 (2013)

Theodore L. HANSEN; Interstate Energy; Triple M, Plaintiffs-Appellants, v. PT BANK NEGARA INDONESIA (PERSERO), Defendant-Appellee, and Native American Oil Refinery Company; Eko Budiwiyono; Firmansyah; Gatot Sismoyo; Rachmat Wiriatmaja; Yopie Lamonge; Max Niode; Lilles Handayani; Utti Kariayam; Mubarik As Djatimuda; Steve O.Z. Finkel-Minkin, a/k/a Steve Finkel; Robert McKee; Fred Newcomb; Newcomb & Company, Defendants.

United States Court of Appeals, Tenth Circuit.

February 5, 2013.

Attorney(s) appearing for the Case

Barnard Madsen, (Matthew R. Howell and Joseph M. Hepworth of Fillmore, Spencer, L.L.C., with him on the briefs), Provo, UT, for Appellant.

Orlee Goldfeld of Hollyer, Brady, L.L.P. (and Arthur B. Berger of Ray, Quinney & Nebeker, P.C., Salt Lake City, UT, on the brief), New York, NY, for Appellee.

Before KELLY, McKAY, and HOLMES, Circuit Judges.

KELLY, Circuit Judge.

Plaintiffs-Appellants Theodore L. Hansen, Interstate Energy Corp. and Triple M, L.L.C., appeal from the district court's judgment in favor of Defendant-Appellee PT. Bank Negara Indonesia (Persero) Tbk. ("BNI"). BNI is a banking corporation established under the laws of Indonesia. Plaintiffs sued BNI and various other defendants based on BNI's refusal to honor certain bank guaranties and letters of credit. Eventually, the district court granted...

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