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Volume4
MonthMay
Year2003
TitleThe Stateless Corporation Finds a Home: Alienage Jurisdiction and Defendant Overseas Territories--J.P. Morgan Chase Bank v. Traffic Stream …
Author(s)Michael Cornell Dypski
First Page319
AbstractThe purpose of this Article is to discuss the evolution of the alienage jurisdiction statute and the status of overseas dependent territories in light of the recent Supreme Court decision. Part I of this Article will provide a brief historical background of 28 U.S.C. § 1332 and its purpose. Part II will discuss the concepts of the state and statelessness, as well as the role of dependent territories in international affairs. Part III will discuss and analyze the various federal decisions seemingly at loggerheads with each other on the issue of federal jurisdiction over dependent territories. Finally, Part IV will review the Traffic Stream decision and how this ruling was necessary to ensure judicial economy and pragmatism in an unprecedented era of expansion in the areas of international trade and investment.