Legal Opinion
Credit Agricole Indosuez v. Rossiyskiy Kredit Bank
New York Court of Appeals
Decided March 30, 2000PublishedCited by 54 opinions
1Opinion of the Court
OPINION OF THE COURT
Levine, J.
Plaintiffs are three foreign banking institutions suing on unsecured debts totaling some $30 million of defendant Rossiyskiy Kredit Bank (Rossiyskiy), a Russian banking institution, guaranteed by defendant Rossiyskiy Kredit Securities PV. Plaintiffs were participants in a syndicate which purchased some $200 million of Rossiyskiy’s first series debentures in 1997. The debentures were due September 29, 2000, bearing a fixed interest rate of 10.25% per annum, payable semiannually. Under the terms of the debentures, defendants agreed to submit to the jurisdiction of…
2Cases cited11 opinions
- Grupo Mexicano De Desarrollo, S. A. v. Alliance Bond Fund, Inc.Supreme Court of the United States · 1999
- Hollins v. Brierfield Coal & Iron Co.Supreme Court of the United States · 1893
- Ward v. City Trust Co. of New YorkNew York Court of Appeals · 1908
- Buttles v. SmithNew York Court of Appeals · 1939
- New York Credit Men's Adjustment Bureau, Inc. v. WeissNew York Court of Appeals · 1953
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3Cited by54 opinions
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- Ficus Investments, Inc. v. Private Capital Management, LLCAppellate Division of the Supreme Court of the State of New York · 2009
- RSL COMMUNICATIONS PLC v. BildiriciDistrict Court, S.D. New York · 2009
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