Swiss Credit Bank v. International Bank, Ltd.

Defendant moves for various kinds of relief in connection with the third cause of action. The parties, bofh banks, had entered into an agreement in regard to certain letters of credit in which agreement defendant had contracted to indemnify and hold plaintiff harmless in regard to legal fees *573as well as other expenses. The particular terms, as far as necessary, are set out below. The third cause of action is based on this provision of the contract and seeks recovery for three items, namely, legal expenses for an action in New York for services rendered but apparently not yet fixed as to…