Legal Opinion
Israel-British Bank (London) Ltd. v. Federal Deposit Insurance
Court of Appeals for the Second Circuit
Decided May 25, 1976No. 721, Docket 75-5020PublishedCited by 11 opinions
1Opinion of the Court
GURFEIN, Circuit Judge:
The Israel-British Bank (London) Ltd. (“IBB”) was a British bank engaged in the banking business in London. It did no banking business in the United States, nor was it licensed in any state to do such business. It did borrow Eurodollars and U.S. dollars from American banks, including appellees, among others. It also maintained deposits in United States banks.
On July 11, 1974, a loan of Eurodollars made to it by the Franklin National Bank (“Franklin”), the principal and interest amounting to approximately $2,100,000, became due and was not paid. On July 15, 1974, a loan…
2Cases cited18 opinions
- McBoyle v. United StatesSupreme Court of the United States · 1931
- Sampsell v. Imperial Paper & Color Corp.Supreme Court of the United States · 1941
- Federal Trade Commission v. Bunte Bros.Supreme Court of the United States · 1941
- Young v. Higbee Co.Supreme Court of the United States · 1945
- Piedmont & Northern Railway Co. v. Interstate Commerce CommissionSupreme Court of the United States · 1932
13 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Matter of CulmerUnited States Bankruptcy Court, S.D. New York · 1982
- In Re Axona International Credit & Commerce Ltd.United States Bankruptcy Court, S.D. New York · 1988
- Matter of MaidmanUnited States Bankruptcy Court, S.D. New York · 1980
- In Re Board of Directors of Hopewell International InsuranceUnited States Bankruptcy Court, S.D. New York · 1999
- In the Matter of Bankers Trust Company, Bankrupt. Bankers Trust Savings & Loan Association v. Jack A. TravisCourt of Appeals for the Fifth Circuit · 1978
6 more not listed; retrieve them via the Exa API.