Legal Opinion
A.I. Credit Corp. v. Government of Jamaica
District Court, S.D. New York
Decided August 20, 1987No. 87 CIV 3442 (LBS)PublishedCited by 9 opinions
1Opinion of the Court
OPINION
SAND, District Judge.
As a result of a depressed national economy, the Government of Jamaica (“Jamaica”) ceased paying principal on its foreign bank debt in mid-1983. This moratorium followed three reschedulings of the debt in 1978, 1979, and 1981, which were accomplished with the consent of Jamaica’s affected creditors, including foreign banks and financial institutions. Jamaica entered into a fourth rescheduling agreement on June 27, 1984 (the “1984 Agreement”). This agreement encompassed not only debt previously rescheduled, but also newly incurred debt owed to Continental Illinois…
2Cases cited12 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Annette Heyman v. Commerce and Industry Insurance CompanyCourt of Appeals for the Second Circuit · 1975
- Interman Industrial Products, Ltd. v. R. S. M. Electron Power, Inc.New York Court of Appeals · 1975
- Wards Company, Inc. v. Stamford Ridgeway Associates and Trim Fashions, Inc., Stamford Ridgeway AssociatesCourt of Appeals for the Second Circuit · 1985
- In Re the Arbitration Between Western Union Telegraph Co. & American Communications Ass'nNew York Court of Appeals · 1949
7 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Beal Savings Bank v. SommerNew York Court of Appeals · 2007
- Elliott Associates, L.P. v. Republic of PeruDistrict Court, S.D. New York · 1996
- Pravin Banker Associates, Ltd. v. Banco Popular Del PeruDistrict Court, S.D. New York · 1994
- Elliott Associates, LP v. the Republic of PeruDistrict Court, S.D. New York · 1997
- Pravin Banker Associates, Ltd. v. Banco Popular Del PeruDistrict Court, S.D. New York · 1995
4 more not listed; retrieve them via the Exa API.