Legal Opinion
In Re the Liquidation of the New York Agency
New York Court of Appeals
Decided June 27, 1997PublishedCited by 15 opinions
1Opinion of the Court
OPINION OF THE COURT
Wesley, J.
On July 5, 1991, as part of his seizure of the New York Agency of Bank of Commerce & Credit International (BCCI), respondent Superintendent of Banks seized an account of the BCCI Tokyo branch at BankAmerica International (BAI) in New York. That account had received a $31 million electronic transfer from Citibank, N.Y., at the direction of appellant CITIC Industrial Bank (CITIC) on that day. CITIC had ordered the transfer prior to any seizure of BCCI’s assets pursuant to a "Eurodollar” agreement that CITIC and BCCI Tokyo had reached the previous day. In this case,…
2Cases cited11 opinions
- Simonds v. SimondsNew York Court of Appeals · 1978
- Gould v. Board of EducationNew York Court of Appeals · 1993
- Cragie v. . HadleyNew York Court of Appeals · 1885
- Worms v. BankAmerica InternationalNew York Court of Appeals · 1991
- People v. . American Loan Trust Co.New York Court of Appeals · 1902
6 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Masco Corporation v. Zurich American Insurance Company, Near North Insurance Agency, Inc.Court of Appeals for the Sixth Circuit · 2004
- Ades & Berg Group Investors v. BreedenCourt of Appeals for the Second Circuit · 2008
- Greenbaum v. HandlesbankenDistrict Court, S.D. New York · 1998
- Kramer Ex Rel. Estate of Singh v. Sooklall (In Re Singh)United States Bankruptcy Court, E.D. New York · 2010
- Commerzbank AG v. Deutsche Bank National Trust Co.District Court, S.D. New York · 2017
10 more not listed; retrieve them via the Exa API.