Legal Opinion
Braka v. Bancomer, S.A.
District Court, S.D. New York
Decided June 20, 1984No. 83 Civ. 1727 (ADS)PublishedCited by 23 opinions
1Opinion of the Court
OPINION AND ORDER
SOFAER, District Judge:
This action claiming breach of contract and charging violations of securities laws implicates the doctrines of foreign sovereign immunity and act of state. Defendant Bancomer, S.A. (“Bancomer”) is a Mexican commercial bank nationalized by the Republic of Mexico in 1982. Plaintiffs are United States citizens who, beginning in 1981, purchased peso- and dollar-denominated certificates of deposit (“CDs”) issued by Bancomer’s Mexico City office. Plaintiffs bought the half-dozen dollar-denominated CDs that are the subject of this action during the Spring of…
2Cases cited21 opinions
- McNutt v. General Motors Acceptance Corp.Supreme Court of the United States · 1936
- Verlinden B. v. v. Central Bank of NigeriaSupreme Court of the United States · 1983
- Banco Nacional De Cuba v. SabbatinoSupreme Court of the United States · 1964
- Schooner Exchange v. McFaddonSupreme Court of the United States · 1812
- Alfred Dunhill of London, Inc. v. Republic of CubaSupreme Court of the United States · 1976
16 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- William F. Callejo, Individually and as Trustee, and Adelfa B. Callejo, as Trustee v. Bancomer, S.A.Court of Appeals for the Fifth Circuit · 1985
- Antares Aircraft, L.P. v. Federal Republic of Nigeria, and Nigerian Airports AuthorityCourt of Appeals for the Second Circuit · 1991
- David Shapiro v. The Republic of Bolivia, the Bolivian Air Force and the Central Bank of BoliviaCourt of Appeals for the Second Circuit · 1991
- Josefina Najarro De Sanchez v. Banco Central De Nicaragua, a Foreign Banking CorporationCourt of Appeals for the Fifth Circuit · 1985
- L'Europeenne De Banque v. La Republica De VenezuelaDistrict Court, S.D. New York · 1988
18 more not listed; retrieve them via the Exa API.