Legal Opinion
Banque Worms v. Banque Commerciale Privee
District Court, S.D. New York
Decided February 24, 1988No. 86 Civ. 8940 (WCC)PublishedCited by 24 opinions
1Opinion of the Court
OPINION AND ORDER
WILLIAM C. CONNER, District Judge.
This dispute arises out of a complex commercial transaction involving the development of a parcel of real estate in Georgia; As part of this transaction, de fendant Irving Trust Company (“Irving”) made several loans to Stephen R. Walsh, third party defendant herein. To secure a part of these loans, Walsh obtained a letter of credit from Banque Commerciale Privee (“BCP”), defendant and third-party plaintiff herein, in favor of Irving. Banque Worms, New York Branch, acted as confirming bank. When Irving attempted to draw on the letter of…
2Cases cited26 opinions
- Republic National Bank of Dallas v. Northwest National Bank of Fort WorthTexas Supreme Court · 1979
- Venizelos, S.A. v. Chase Manhattan BankCourt of Appeals for the Second Circuit · 1970
- Kmw International v. Chase Manhattan Bank, N. A.Court of Appeals for the Second Circuit · 1979
- Sztejn v. J. Henry Schroder Banking Corp.New York Supreme Court · 1941
- Itek Corporation v. The First National Bank of Boston, Bank Melli IranCourt of Appeals for the First Circuit · 1984
21 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Nissho Iwai Europe PLC v. Korea First BankNew York Court of Appeals · 2002
- Oei v. Citibank, N.A.District Court, S.D. New York · 1997
- MSF Holding Ltd. v. Fiduciary Trust Co. InternationalDistrict Court, S.D. New York · 2006
- Petra International Banking Corp. v. First American BankDistrict Court, E.D. Virginia · 1991
- Xantech Corp. v. Ramco Industries, Inc.Indiana Court of Appeals · 1994
19 more not listed; retrieve them via the Exa API.