Legal Opinion
Banco Central De Reserva v. Riggs National Bank
District Court, District of Columbia
Decided December 12, 1994No. Civil Action 88-3327 (HHG)PublishedCited by 12 opinions
1Opinion of the Court
Opinion
HAROLD H. GREENE, District Judge.
Plaintiff, Banco Central de Reserva del Peru (“BCR”) seeks to recover a $2 million dollar deposit placed with the Riggs National Bank of Washington, D.C. Defendant Riggs has filed a counterclaim requesting that the Court declare that it properly set off the deposit against outstanding debts. The parties have filed cross motions for summary judgment.
Background
In the early 1980s, Riggs made loans to Banco de la Nación, Corporación Financeria de Desarrollo S.A. (“COFIDE”), and Banco Popular del Peru (“BPP”), all of which are wholly-owned entities of the…
2Cases cited4 opinions
- First National City Bank v. Banco Para El Comercio Exterior De CubaSupreme Court of the United States · 1983
- Allied Bank International v. Banco Credito Agricola de CartagoCourt of Appeals for the Second Circuit · 1985
- Frazier v. Marine Midland Bank, N.A.District Court, W.D. New York · 1988
- Martens v. Hadley Memorial HospitalDistrict Court, District of Columbia · 1990
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- Bayer & Willis Inc. v. Republic of the GambiaDistrict Court, District of Columbia · 2003
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