Legal Opinion
William F. Callejo, Individually and as Trustee, and Adelfa B. Callejo, as Trustee v. Bancomer, S.A.
Court of Appeals for the Fifth Circuit
Decided July 16, 1985No. 84-1270PublishedCited by 153 opinions
1Opinion of the Court
GOLDBERG, Circuit Judge:
This suit is one of several arising from the promulgation by Mexico of exchange control regulations on August 13,1982, and from the subsequent nationalization of privately-owned Mexican banks on September 1, 1982. The exchange control regulations mandated that all deposits in Mexican banks, however denominated, be repaid in Mexican pesos at specified rates of change. Because the dollar rate of exchange was well below the market rate, the regulations constituted a Montezuma’s revenge on American investors who had dollar deposits in Mexican banks. A number of these…
2Cases cited54 opinions
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- Baker v. CarrSupreme Court of the United States · 1962
- Singleton v. WulffSupreme Court of the United States · 1976
- National Labor Relations Board v. Bell Aerospace Co.Supreme Court of the United States · 1974
- Verlinden B. v. v. Central Bank of NigeriaSupreme Court of the United States · 1983
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3Cited by153 opinions
- Granfinanciera, S.A. v. NordbergSupreme Court of the United States · 1989
- Saudi Arabia v. NelsonSupreme Court of the United States · 1993
- Price v. Socialist People's Libyan Arab JamahiriyaCourt of Appeals for the D.C. Circuit · 2002
- Foremost-Mckesson, Inc. v. The Islamic Republic of IranCourt of Appeals for the D.C. Circuit · 1990
- Charles N. Schwarz, Jr. v. Harry Folloder, Alexander Grant & CompanyCourt of Appeals for the Fifth Circuit · 1985
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