Legal Opinion
IBJ Schroder Bank & Trust Co. v. Bank for Foreign Economic Affairs of the USSR
New York Supreme Court
Decided September 10, 1996Published
1Opinion of the Court
OPINION OF THE COURT
David B. Saxe, J.
The question posed here is whether this court has jurisdiction over a banking organ of the new Russian Federation to enforce that entity’s payment obligation to a United States corporation.
In June 1987, plaintiff, a New York company, became the assignee of all the rights of Primary International Inc. (Primary), also a New York company, to 10 bills of exchange due semiannually from October 30, 1987 through April 30, 1992, payable at the Bank for Foreign Trade of the USSR (the Trade Bank), that Primary had received as part payment for a commercial…
2Cases cited12 opinions
- Republic of Argentina v. Weltover, Inc.Supreme Court of the United States · 1992
- Transaero, Inc. v. La Fuerza Aerea BolivianaCourt of Appeals for the D.C. Circuit · 1994
- L'Europeenne De Banque v. La Republica De VenezuelaDistrict Court, S.D. New York · 1988
- Walpex Trading Co. v. Yacimientos Petroliferos Fiscales BolivanosDistrict Court, S.D. New York · 1989
- Crimson Semiconductor, Inc. v. ElectronumDistrict Court, S.D. New York · 1986
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