Legal Opinion
Animalfeeds International, Inc. v. Banco Espirito Santo e Comercial de Lisboa
New York Supreme Court
Decided March 13, 1979PublishedCited by 10 opinions
1Opinion of the Court
OPINION OF THE COURT
Edward J. Greenfield, J.
Must every escrow agent in New York be licensed by the State Banking Department as a prerequisite for receiving and transmitting funds? Does the transfer of escrow funds outside the jurisdiction to earn higher interest constitute a conversion? These are some of the questions raised on this motion for summary judgment in a dispute between a Panamanian corporation and two Portuguese banks over the sale of a Norwegian built barge in Angolan waters to the Republic of Yemen.
The essential facts, as best as they can be pieced together from various parts of…
2Cases cited5 opinions
- Fosdick v. Investors Syndicate, Inc.New York Court of Appeals · 1934
- Rothschild v. Manufacturers Trust Co.New York Court of Appeals · 1939
- Pugatch v. David's JewelersCivil Court of the City of New York · 1967
- Cronan v. SchillingAppellate Division of the Supreme Court of the State of New York · 1953
- Schuman v. ConfortiNew York Court of Appeals · 1970
3Cited by10 opinions
- Credit Francais International, S. A. v. Sociedad Financiera de Comercio, C. A.New York Supreme Court · 1985
- 99 Commercial Street, Inc. v. GoldbergDistrict Court, S.D. New York · 1993
- National Union Fire Insurance v. Proskauer Rose Goetz & MendelsohnNew York Supreme Court · 1994
- H & H Acquisition Corp. v. Financial Intranet HoldingsDistrict Court, S.D. New York · 2009
- George A. Fuller Co. v. Alexander & Reed, Esqs.District Court, S.D. New York · 1991
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