Wells Fargo Asia Limited v. Citibank, N.A.

KEARSE, Circuit Judge:

This action, brought by plaintiff Wells Fargo Asia Limited (“WFAL”) to recover funds deposited with the Philippine branch of defendant Citibank, N.A. (“Citibank”), returns to us on remand from the United States Supreme Court, see Citibank, N.A. v. Wells Fargo Asia Limited, — U.S. —, 110 S.Ct. 2034, 109 L.Ed.2d 677 (1990), vacating and remanding 852 F.2d 657 (2d Cir.1988), aff'g 660 F.Supp. 946 (S.D.N.Y.1987) (Knapp, J.), for a determination of what law applies to the present controversy and the content of that law, and for resolution of the controversy in light of those…