Indosuez International Finance B.V. v. National Reserve Bank

—Order, Supreme Court, New York County (Barry Cozier, J.), entered May 3, 1999, which denied plaintiff’s motion for a preliminary injunction to enjoin defendant from prosecuting an action it had commenced against plaintiff in Russia, or from instituting any other such actions, unanimously affirmed, with costs.

The IAS Court properly exercised its discretion in denying plaintiff’s motion for a preliminary injunction since the doctrine of comity militates against staying proceedings previously commenced in a foreign court of competent jurisdiction (see, Sarepa, S.A. v Pepsico, Inc., 225 AD2d…