Legal Opinion
Byblos Bank Europe v. Sekerbank Turk Anonym Syrketi
New York Court of Appeals
Decided March 20, 2008PublishedCited by 18 opinions
1Opinion of the Court
OPINION OF THE COURT
Pigott, J.
Plaintiff Byblos Bank Europe, S.A. is a Belgian bank and defendant Sekerbank Turk Anonym Syrketi is a Turkish bank. According to Byblos, in 1988, it issued two $2.5 million loans to Sekerbank. The loans were apparently obtained by a Sekerbank employee who issued a fraudulent loan guaranty to Byblos and ultimately embezzled the money. After initially paying some interest due on the first transfer, Sekerbank declined to make further payments.
Byblos commenced attachment proceedings and actions for breach of the loan agreements in Belgium, Turkey and Germany,…
2Cases cited6 opinions
- Hilton v. GuyotSupreme Court of the United States · 1895
- Treinies v. Sunshine Mining Co.Supreme Court of the United States · 1940
- CIBC Mellon Trust Co. v. Mora Hotel Corp. N.V.New York Court of Appeals · 2003
- Sung Hwan Co. v. Rite Aid Corp.New York Court of Appeals · 2006
- Chenu v. Board of Trustees of Police Pension FundAppellate Division of the Supreme Court of the State of New York · 1961
1 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
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- Lewis v. New York State DepartmentAppellate Division of the Supreme Court of the State of New York · 2009
- Hyundai Securities Co. v. Ik Chi LeeCalifornia Court of Appeal · 2013
- Shakopee Mdewakanton Sioux (Dakota) Gaming Enterprise v. PrescottCourt of Appeals of Minnesota · 2010
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