Landegger v. Bayerische Hypotheken Und Wechsel Bank

MOTLEY, District Judge.

Memorandum Opinion

This is a diversity action brought by plaintiff to enforce a German arbitration award made pursuant to an arbitration provision of a contract between plaintiff and defendant. The ease comes before the court on two motions: one by plaintiff for summary judgment pursuant to Fed.R.Civ.P. 56, 1 *and the other by defendant for a stay of the underlying action pending the determination of an appeal on file in Germany.

The history of the case is as follows: Plaintiff, a United States citizen and resident of New York, and defendant, a German bank, entered into…