Legal Opinion
Furness Withy (Chartering), Inc. v. World Energy Systems Associates, Inc.
District Court, W.D. Tennessee
Decided October 24, 1985No. 83-2207, 83-2208, 83-2251 and 83-2353 MAPublishedCited by 5 opinions
1Opinion of the Court
ORDER
McRAE, Chief Judge.
The common issues to be resolved in each of the above cases are whether there was an effective and perfected assignment of proceeds by the beneficiary of a documentary letter of credit and whether certain maritime attachments levied by creditors of beneficiary against the letter of credit were valid.
World Energy Systems Associates, Inc., also known as Wesa, Inc. (WESA) was at all time relevant herein, an international coal trader. In early 1983, WESA arranged the sale of a quantity of coal to the Taiwan Power Company in Taipei, Republic of China. In return, an…
2Cases cited10 opinions
- Venizelos, S.A. v. Chase Manhattan BankCourt of Appeals for the Second Circuit · 1970
- Alan B. Miller, Trustee in Bankruptcy of American Ibc Corp., Bankrupt v. Wells Fargo Bank International Corp.Court of Appeals for the Second Circuit · 1976
- In re CopelandCourt of Appeals for the Third Circuit · 1976
- Miller v. Wells Fargo Bank International Corp.District Court, S.D. New York · 1975
- Reibor International Limited v. Cargo Carriers (Kacz-Co.) Ltd., Manufacturers Hanover Trust Company and the Royal Bank of Canada, Garnishees-AppelleesCourt of Appeals for the Second Circuit · 1985
5 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Algemene Bank Nederland, N v. v. Soysen Tarim Urunleri Dis Ticaret Ve Sanayi, A.S.District Court, S.D. New York · 1990
- Union Planters National Bank v. World Energy Systems AssociatesCourt of Appeals for the Sixth Circuit · 1987
- Studwell, Inc. v. Korean Exchange BankCalifornia Court of Appeal · 1997
- Travelers Petroleum, Inc. v. Internal Revenue Service (In Re Travelers Petroleum, Inc.)United States Bankruptcy Court, W.D. Oklahoma · 1987
- Union Planters National Bank v. World Energy Systems Associates Nerco, Inc. North Carolina National Bank P & O Falcoal, Inc. Cooper Stevedoring Company, Inc. Western Alabama Mining Company Bertel Shipping Company, Inc. Johnstone, Adams, May, Howard and Hill and J.M. Jackson and Associates, Inc., Defendants v. Texas Chartering, Inc. And Hemmert International Corporation, Defendants- Texas Chartering, Inc., and Hemmert International Corporation, Plaintiffs v. World Energy Systems Associates, Inc. Wesa, Inc. Paul Liu Ed Bales Certain Funds, Letters of Credit, Assets, Accounts, Credits, Effects and Property, Tangible and Intangible of Union Planters National Bank and P & O FalcoalCourt of Appeals for the Sixth Circuit · 1987