Brenntag International Chemicals, Inc. v. Bank of India, Defendant-Cross-Claimant-Appellant, Norddeutsche Landesbank Gz

WINTER, Chief Judge:

Bank of India (“BOI”) appeals from Judge Sweet’s order preliminarily enjoining Norddeutsche Landesbank GZ (“NDL”) from making payment under an irrevocable stand-by letter of credit (“LOC”). The LOC was issued by NDL at the request of Brenntag International Chemicals, Inc. (“Brenntag”), as applicant, made out to Petro Pharma PTE, Ltd. (“Petro”) as beneficiary and named BOI as Petro’s negotiator bank. Judge Sweet also enjoined BOI from commencing further litigation with respect to the LOC or making further attempts to collect thereunder. The district court concluded that:…