Legal Opinion
Industrial Development Bank of Israel Ltd. v. Bier
New York Supreme Court
Decided January 14, 1991PublishedCited by 3 opinions
1Opinion of the Court
OPINION OF THE COURT
Edward H. Lehner, J.
The principal issue in this case is whether this State should enforce a loan agreement, executed in Israel between Israeli residents and to be performed there, which, as a consequence *799of the provision calling for a variable rate of interest linked to the Israeli consumer price index, is claimed to result in a rate of interest that exceeds the maximum allowed by New York law.
FACTS
Plaintiff is an Israeli bank which makes loans to enable businesses to build factories in development areas in Israel, and to assist those that carry on a substantial export…
2Cases cited14 opinions
- Greschler v. GreschlerNew York Court of Appeals · 1980
- Cate v. Archon Oil Co., Inc.Supreme Court of Oklahoma · 1985
- Intercontinental Hotels Corp. v. GoldenNew York Court of Appeals · 1964
- Chase Manhattan Bank, N. A. v. NatarelliNew York Supreme Court · 1977
- Executive Bank of Fort Lauderdale v. TigheNew York Court of Appeals · 1981
9 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Madden v. Midland Funding, LLCDistrict Court, S.D. New York · 2017
- In Re SlaterDistrict Court, E.D. New York · 1996
- Industrial Development Bank of Israel Ltd. v. BierAppellate Division of the Supreme Court of the State of New York · 1992