Legal Opinion
Banque Arabe Et Internationale D'Investissement v. Bulk Oil (USA) Inc.
District Court, S.D. New York
Decided December 12, 1989No. 86 CIV 5552 (LBS)PublishedCited by 13 opinions
1Opinion of the Court
SAND, District Judge.
This diversity action arises from purchase and repurchase agreements between two petroleum dealers and the extension of credit to one of those dealers by a bank. The plaintiff bank asserts claims as a third party beneficiary of the purchase agreement and as an assignee of rights of one dealer under that purchase agreement, and on the grounds of breach of contract, fraud and fraudulent conveyance. Defendant moves for summary judgment on all claims.
I. Background
On December 13, 1985, Will Petroleum Inc. (hereinafter “Will”) entered into an agreement to sell 550,000 barrels…
2Cases cited34 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Goldman v. BeldenCourt of Appeals for the Second Circuit · 1985
- R.G. Group, Inc., and R.G. Restaurant Associates v. The Horn & Hardart Company, and Bojangles' of America, Inc.Court of Appeals for the Second Circuit · 1984
- Port Chester Electrical Construction Corp. v. AtlasNew York Court of Appeals · 1976
- Fourth Ocean Putnam Corp. v. Interstate Wrecking Co.New York Court of Appeals · 1985
29 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- ESI, Inc. v. Coastal Corp.District Court, S.D. New York · 1999
- Cauff, Lippman & Co. v. Apogee Finance Group, Inc.District Court, S.D. New York · 1992
- Ross v. First Savings Bank of ArlingtonSupreme Court of Iowa · 2004
- Natwest USA Credit Corp. v. Alco Standard Corp.District Court, S.D. New York · 1994
- Tri-Star Pictures, Inc. v. Leisure Time Productions, B.V.District Court, S.D. New York · 1990
8 more not listed; retrieve them via the Exa API.