Legal Opinion
Western International Forest Products, Inc. v. Shinhan Bank
District Court, S.D. New York
Decided August 16, 1994No. 93 Civ. 7301 (MGC)PublishedCited by 12 opinions
1Opinion of the Court
OPINION
CEDARBAUM, District Judge.
Plaintiff was the beneficiary of an irrevocable letter of credit which defendant refused to honor. Both sides move for summary judgment under Fed.R.Civ.P. 56. For the reasons discussed below, defendant’s motion is granted and plaintiffs motion is denied.
Background
The following facts are undisputed. In 1993, plaintiff Western International Forest Products, Inc. contracted to sell lumber to Nam Moon Co., a Korean company. The logs were shipped from Alaska to Korea. To pay for the timber, Nam Moon arranged for a Korean bank, defendant Shinhan Bank (“Shinhan Bank…
2Cases cited14 opinions
- Corporacion De Mercadeo Agricola v. Mellon Bank InternationalCourt of Appeals for the Second Circuit · 1979
- Philadelphia Gear Corporation v. Central BankCourt of Appeals for the Fifth Circuit · 1983
- Alaska Textile Co., Inc. v. Chase Manhattan Bank, N.A.Court of Appeals for the Second Circuit · 1992
- Banco Espanol De Credito v. State Street Bank and Trust Company, (Two Cases)Court of Appeals for the First Circuit · 1967
- Supreme Merchandise Co. v. Chemical BankNew York Court of Appeals · 1987
9 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Bouzo v. Citibank, N.A.Court of Appeals for the Second Circuit · 1996
- Oei v. Citibank, N.A.District Court, S.D. New York · 1997
- E & H Partners v. Broadway National BankDistrict Court, S.D. New York · 1998
- MSF Holding Ltd. v. Fiduciary Trust Co. InternationalDistrict Court, S.D. New York · 2006
- Nassar v. Florida Fleet Sales, Inc.District Court, S.D. New York · 1999
7 more not listed; retrieve them via the Exa API.