Legal Opinion
Voest-Alpine International Corp. v. Chase Manhattan Bank, N.A.
Court of Appeals for the Second Circuit
Decided May 12, 1983No. 703, Dockets 82-7679, 82-7681PublishedCited by 13 opinions
1Opinion of the Court
CARDAMONE, Circuit Judge:
This appeal involves an interpretation of the law applied to commercial letters of credit. When analyzing that law the unique characteristics of a letter of credit must be kept firmly in mind. Otherwise, a court may unknowingly paint broadly over the letter of credit’s salient features and compromise its reliability and fluidity.
BACKGROUND
Originally devised to function in international trade, a letter of credit reduced the risk of nonpayment in cases where credit was extended to strangers in distant places. Interposing a known and solvent institution’s (usually a…
2Cases cited14 opinions
- Sillman v. Twentieth Century-Fox Film Corp.New York Court of Appeals · 1957
- City of New York v. StateNew York Court of Appeals · 1976
- Venizelos, S.A. v. Chase Manhattan BankCourt of Appeals for the Second Circuit · 1970
- Alsens American Portland Cement Works v. Degnon Contracting Co.New York Court of Appeals · 1917
- Marino Industries Corp., Cross-Appellee v. The Chase Manhattan Bank, N.A., Cross-AppellantCourt of Appeals for the Second Circuit · 1982
9 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Dessaleng Beyene and Jean M. Hanson v. Irving Trust CompanyCourt of Appeals for the Second Circuit · 1985
- Christian Dior-New York, Inc. v. Koret, Inc.Court of Appeals for the Second Circuit · 1986
- Banque Worms v. Banque Commerciale PriveeDistrict Court, S.D. New York · 1988
- Sound of Market Street, Inc. v. Continental Bank InternationalCourt of Appeals for the Third Circuit · 1987
- Great Wall de Venezuela C.A. v. Interaudi BankDistrict Court, S.D. New York · 2015
8 more not listed; retrieve them via the Exa API.