Legal Opinion
Universal Consolidated Companies, Inc. v. Bank of China
Court of Appeals for the Sixth Circuit
Decided September 6, 1994No. 93-3528PublishedCited by 28 opinions
1Opinion of the Court
MERRITT, Chief Judge.
Plaintiff Universal Consolidated Companies, an Ohio corporation, sued the Bank of China, an instrumentality of the People’s Republic of China, for more than $14 million in damages allegedly resulting from what Universal claimed was the Bank’s anticipatdry repudiation of an irrevocable documentary letter of credit connected to Universal’s construction of a steel mill in Tianjin, China. The District Court, which had jurisdiction pursuant to the Foreign Sovereign Immunities Act, Pub.L. No. 94-583, 90 Stat. 2891 (1976), rendered judgment for the Bank.
Universal chose not to…
2Cases cited9 opinions
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- Argentine Republic v. Amerada Hess Shipping Corp.Supreme Court of the United States · 1989
- Saudi Arabia v. NelsonSupreme Court of the United States · 1993
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3Cited by28 opinions
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