Legal Opinion
Banco do Brasil S. A. v. State of Antigua & Barbuda
Appellate Division of the Supreme Court of the State of New York
Decided April 18, 2000PublishedCited by 19 opinions
1Opinion of the Court
OPINION OF THE COURT
Lerner, J.
In this action for breach of a loan agreement and associated promissory notes and guarantees, we are called upon to determine whether defendants’ 1997 letter regarding their loan agreement, sent to plaintiffs after the Statute of Limitations had run, constituted an acknowledgment or promise within the meaning of General Obligations Law § 17-101 and was sufficient to revive plaintiffs’ time-barred claims.
On or about November 12, 1981, plaintiff Banco do Brasil, a Brazilian banking corporation with its principal place of business in Brasilia, Brazil, entered into a…
2Cases cited5 opinions
- Lew Morris Demolition Co. v. Board of EducationNew York Court of Appeals · 1976
- Flynn v. FlynnAppellate Division of the Supreme Court of the State of New York · 1991
- Miller v. SchreyerAppellate Division of the Supreme Court of the State of New York · 1999
- National Westminster Bank USA v. PetitoAppellate Division of the Supreme Court of the State of New York · 1994
- Anonymous v. AnonymousAppellate Division of the Supreme Court of the State of New York · 1991
3Cited by19 opinions
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- In Re BrillUnited States Bankruptcy Court, S.D. New York · 2004
- Jeffrey L. Rosenberg & Associates, LLC v. LajaunieAppellate Division of the Supreme Court of the State of New York · 2008
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