Colonial Bank v. Compagnie Generale Maritime Et Financiere
District Court, S.D. New York
1Opinion of the Court
OPINION AND ORDER
LEVAL, District Judge.
This action was brought by Colonial Bank (“Colonial”), a Connecticut corporation, against Compagnie Generale Maritime et Financiere (“CGMF”), a corporation wholly owned by the Republic of France, for damages caused by CGMF’s arrests in France and Egypt of the Greek-flag vessel the GME Atlántico (the “Atlántico”), a vessel owned by Compañía Naviera Pancarib S.A. (“Pancarib”) and operated by General Maritime Enterprises (“GME”) under a time charter party. Colonial brings this action both in its own right as mortgagee of the vessel, and as assignee of…
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