Arab International Bank & Trust Co. v. National Westminster Bank Ltd.

OPINION

SAND, District Judge.

This is an action characterized by the plaintiff as a suit to recover on a guarantee. Plaintiff alleges that defendant National Westminster Bank, Ltd. agreed to guarantee payment of a commission due plaintiff from London and Lancashire Property Co., Ltd. Defendant vigorously contests plaintiff’s characterization of the nature of the transaction in question, and indeed, the facts as to the underlying transaction are quite obscure.

The matter before us at this stage of the proceedings is defendant’s motion to dismiss the complaint for lack of subject matter…