RZS HOLDINGS, AVV v. Commerzbank, Ag

MEMORANDUM OPINION

CACHERIS, District Judge.

This matter is before the Court on the defendant’s motion to dismiss.

I. Background

This dispute arises out of the dishonor of a letter of credit issued in connection with a multi-party international commercial transaction. In this action, plaintiff RZS Holdings, AW (“Plaintiff’ or “RZS”), a Virginia partnership with its principal place of business in Virginia, was the beneficiary of a letter of credit. In fact, RZS brings this suit against defendant Com-merzbank, AG (“Commerzbank” or “Defendant”), a German organization with its principal place of…