Legal Opinion
Indosuez International Finance B v. v. National Reserve Bank
New York Court of Appeals
Decided May 7, 2002PublishedCited by 48 opinions
1Opinion of the Court
OPINION OF THE COURT
Smith, J.
The primary issue on this appeal is whether New York law or Russian law should govern the forward currency exchange transactions entered into between plaintiff Indosuez International Finance B.V. (IIF) and defendant National Reserve Bank (NRB). We hold that New York law applies.
Between 1997 and July 1998, IIF, a Netherlands corporation, and NRB, a Russian bank, entered into 14 nondeliverable forward currency exchange transactions with specified trade dates, settlement dates 1 and forward rates. A forward exchange transaction is an obligation to purchase or sell a…
2Cases cited8 opinions
- Hallock v. StateNew York Court of Appeals · 1984
- LaMarca v. Pak-Mor Manufacturing Co.New York Court of Appeals · 2000
- Banco Ambrosiano v. Artoc Bank & Trust Ltd.New York Court of Appeals · 1984
- J. Zeevi & Sons, Ltd. v. Grindlays BankNew York Court of Appeals · 1975
- Hanil Bank v. Pt. Bank Negara Indonesia, (Persero)Court of Appeals for the Second Circuit · 1998
3 more not listed; retrieve them via the Exa API.
3Cited by48 opinions
- Dorchester Financial Securities, Inc. v. Banco BRJ, S.A.Court of Appeals for the Second Circuit · 2013
- Licci Ex Rel. Licci v. Lebanese Canadian Bank, SALCourt of Appeals for the Second Circuit · 2012
- Licci v. Lebanese Canadian Bank, SALNew York Court of Appeals · 2012
- Dennis v. JPMorgan Chase & Co.District Court, S.D. Illinois · 2018
- AIG FINANCIAL PRODUCTS CORP. v. Public Utility District No. 1District Court, S.D. New York · 2009
43 more not listed; retrieve them via the Exa API.