Legal Opinion
Israel Aircraft Industries Ltd. v. Sanwa Business Credit Corporation and the Sanwa Bank, Limited
Court of Appeals for the Seventh Circuit
Decided February 8, 1994No. 93-1949PublishedCited by 28 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
Sanwa Business Credit Corporation, the principal lender to Fairchild Aircraft Corporation, is the American subsidiary of a Japanese bank. After Fairchild entered bankruptcy, Israel Aircraft Industries, Ltd. (an Israeli corporation) and Quadrant Management, Inc., formed a joint venture to acquire Fairchild. They were unwilling to pay off Fairchild’s debts at face value and asked Sanwa to accept the joint venture in lieu of Fairchild as the borrower under a revised credit arrangement. According to the complaint Sanwa said no, on instructions of its parent, for the…
2Cases cited19 opinions
- Vaca v. SipesSupreme Court of the United States · 1967
- Cort v. AshSupreme Court of the United States · 1975
- Cannon v. University of ChicagoSupreme Court of the United States · 1979
- Heckler v. ChaneySupreme Court of the United States · 1985
- Touche Ross & Co. v. RedingtonSupreme Court of the United States · 1979
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3Cited by28 opinions
- John Karazanos and Yiannis, Inc. v. Madison Two AssociatesCourt of Appeals for the Seventh Circuit · 1998
- Carlos Chapa v. Jura AdamsCourt of Appeals for the Seventh Circuit · 1999
- EXTRA EQUIPAMENTOS E EXPORTAÇÃO LTDA. v. CASE CORPORATIONCourt of Appeals for the Seventh Circuit · 2004
- Atlantic Tele-Network Inc. v. Inter-American Development BankDistrict Court, District of Columbia · 2003
- Dawson v. New York Life InsuranceDistrict Court, N.D. Illinois · 1996
23 more not listed; retrieve them via the Exa API.