Legal Opinion
Carl Marks & Co. v. Union of Soviet Socialist Republics
Court of Appeals for the Second Circuit
Decided February 29, 1988No. Nos. 636, 637, Dockets 87-7740, 87-7746PublishedCited by 30 opinions
1Per curiam
Plaintiffs-appellants are class representatives of holders of debt instruments, five-year external gold dollar bearer bonds and three-year credit participation certificates, that the Russian Imperial Government issued in 1916. Interest was paid on all the certificate installments and all but five bearer bond coupons after Lenin’s Bolshevik Government repudiated “[a]ll foreign loans ... unconditionally and without exception” in 1918. The instant actions were commenced under the Foreign Sovereign Immunities Act (“FSIA”), 28 U.S.C. §§ 1330, 1602-1611 (1982), to recover the principal on both…
2Cases cited3 opinions
- United States v. PinkSupreme Court of the United States · 1942
- Carl Marks & Co. v. Union of Soviet Socialist RepublicsDistrict Court, S.D. New York · 1987
- Slade v. United States of MexicoDistrict Court, District of Columbia · 1985
3Cited by30 opinions
- Hugo Princz v. Federal Republic of GermanyCourt of Appeals for the D.C. Circuit · 1994
- The Commercial Bank of Kuwait v. Rafidain Bank and Central Bank of IraqCourt of Appeals for the Second Circuit · 1994
- David Shapiro v. The Republic of Bolivia, the Bolivian Air Force and the Central Bank of BoliviaCourt of Appeals for the Second Circuit · 1991
- Weltover, Inc. Springdale Enterprises, Inc. Bank Cantrade, A.G. v. Republic of Argentina Banco Central De La ArgentinaCourt of Appeals for the Second Circuit · 1991
- Maria v. Altmann, an Individual v. Republic of Austria, a Foreign State and the Austrian Gallery, an Agency of the Republic of AustriaCourt of Appeals for the Ninth Circuit · 2002
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