Bethlehem Steel Co. v. Zurich General Accident & Liability Ins. Co.

As did Nos. 384 and 495, this day decided, ante, p. 247, these cases involve efforts to enforce foreign currency' provisions of bond obligations payable in money of the United States and optional fixed amounts of foreign currencies. The obligations are essentially similar to those in Nos. 384 and 495, but differ in two respects: (1) the bonds, originally sold in this country to a group of bankers, 1 were offered by that group not only in this country, but also abroad, and (2) the present holders are foreign corporations, some of whose bonds were bought in foreign countries. These distinctions…