Banco Do Brasil, S. A. v. A. C. Israel Commodity Co.

The action upon which the attachment here challenged is based is brought by appellant as an instrumentality of the Government of Brazil to recover damages for a conspiracy to defraud the Government of Brazil of American dollars by illegally circumventing the foreign exchange regulations of Brazil.

Defendant-respondent, Israel Commodity, a Delaware corporation having its principal place of business in New York, is an importer of Brazilian coffee. The gist of plaintiff’s complaint is that Israel conspired with a Brazilian exporter of coffee to pay the exporter American dollars which the exporter…