Legal Opinion
Algemene Bank Nederland, N v. v. Soysen Tarim Urunleri Dis Ticaret Ve Sanayi, A.S.
District Court, S.D. New York
Decided October 9, 1990No. 89 Civ. 7427 (PNL)PublishedCited by 22 opinions
1Opinion of the Court
OPINION AND ORDER
LEVAL, District Judge.
This is an action for interpleader pursuant to 28 U.S.C. § 1335. Algemene Bank Nederland N.V. (“Algemene”), the issuer of a letter of credit, has paid the proceeds into court, serving notice on various contesting parties, and moves for an order of discharge and release from liability under 28 U.S.C. § 2361.
The defendants fall into two camps: Defendant Soysen Tarim Urunleri Dis Ticaret Ve Sanayi A.S. (“Soysen”) is the specified beneficiary of the letter of credit. Soysen drew a draft on the credit in favor of Soysen’s creditor, defendant Egebank A.S.,…
2Cases cited9 opinions
- First Commercial Bank v. Gotham Originals, Inc.New York Court of Appeals · 1985
- Supreme Merchandise Co. v. Chemical BankNew York Court of Appeals · 1987
- Sisalcords Do Brazil, Ltd. v. Fiacao Brasileira De Sisal, S. A.Court of Appeals for the Fifth Circuit · 1971
- A/s Krediit Pank v. The Chase Manhattan BankCourt of Appeals for the Second Circuit · 1962
- Ferrostaal Metals Corp. v. S.S. Lash PacificoDistrict Court, S.D. New York · 1987
4 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- 3com Corporation v. Banco Do Brasil, S.A.Court of Appeals for the Second Circuit · 1999
- Alaska Textile Co., Inc. v. Chase Manhattan Bank, N.A.Court of Appeals for the Second Circuit · 1992
- John v. Sotheby's, Inc.District Court, S.D. New York · 1992
- Madison Stock Transfer, Inc. v. Exlites Holdings Int'l, Inc.District Court, E.D. New York · 2019
- Great Wall de Venezuela C.A. v. Interaudi BankDistrict Court, S.D. New York · 2015
17 more not listed; retrieve them via the Exa API.