Petrogradsky Mejdunarodny Kommerchesky Bank v. National City Bank
New York Court of Appeals
1Opinion of the Court
Cardozo, Ch. J.
The plaintiff, a Russian bank, chartered in 1869 by the Imperial Russian Government, has deposit accounts with the defendant, opened in 1911 and 1915, with a balance of $66,749.45 to its credit at the trial.
Following the Soviet revolution of November, 1917, the assets of the bank in Russia were seized by the revolutionary government, and the directors driven into exile. By decrees of the Russian Soviet Republic in 1917, the bank was declared to be merged in the People’s or State Bank, its assets were confiscated, its liabilities canceled, and its shares extinguished, and by a…
2Cases cited31 opinions
- United Mine Workers v. Coronado Coal Co.Supreme Court of the United States · 1922
- Matter of CaseNew York Court of Appeals · 1915
- Chapman v. . ForbesNew York Court of Appeals · 1890
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- Brock v. . PoorNew York Court of Appeals · 1915
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- Wessmann v. GittensCourt of Appeals for the First Circuit · 1998
- State of NY v. Cortelle Corp.New York Court of Appeals · 1975
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