Legal Opinion
David Shapiro v. The Republic of Bolivia, the Bolivian Air Force and the Central Bank of Bolivia
Court of Appeals for the Second Circuit
Decided April 17, 1991No. 822, Docket 90-7752PublishedCited by 115 opinions
1Opinion of the Court
WINTER, Circuit Judge:
The subject of the instant action is a negotiable promissory note issued by the Republic of Bolivia to a United States corporation and introduced into the United States. The note is now in the hands of a United States citizen living in Hong Kong who has sought payment on the note from Bolivia but has been refused. We hold that Bolivia is subject to suit on the note in United States courts under the “commercial activity” exception of the Foreign Sovereign Immunities Act, 28 U.S.C. § 1605(a)(2), and reverse.
BACKGROUND
Bernard Larry Tractman is president and sole shareholder…
2Cases cited22 opinions
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- Milliken v. MeyerSupreme Court of the United States · 1941
- Verlinden B. v. v. Central Bank of NigeriaSupreme Court of the United States · 1983
- Foremost-Mckesson, Inc. v. The Islamic Republic of IranCourt of Appeals for the D.C. Circuit · 1990
- Texas Trading & Milling Corp. v. Federal Republic of NigeriaCourt of Appeals for the Second Circuit · 1981
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3Cited by115 opinions
- Republic of Argentina v. Weltover, Inc.Supreme Court of the United States · 1992
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- Stephen Moccio v. New York State Office of Court AdministrationCourt of Appeals for the Second Circuit · 1996
- Siderman de Blake v. Republic of ArgentinaCourt of Appeals for the Ninth Circuit · 1992
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