Legal Opinion
Bank of Seoul v. Norwest Bank Minnesota
Appellate Division of the Supreme Court of the State of New York
Decided August 10, 1995PublishedCited by 3 opinions
1Opinion of the Court
—Order, Supreme Court, New York County (Joan Lobis, J.), entered March 23, 1994, which denied plaintiff's motion and defendant’s cross motion for summary judgment, affirmed, without costs.
On February 12, 1991, defendant Norwest Bank Minnesota, N.A. ("Norwest”) issued an irrevocable letter of credit (the "L/C”) in the amount of $110,040 to Cho Hung Bank, Pusan Branch, Republic of Korea. Cho Hung Bank subsequently transferred the L/C to plaintiff Bank of Seoul. The L/C denominated Mi Yang Chemical Company, Ltd. of Pusan, Korea ("Mi Yang”) as the beneficiary and Sanshoe Worldwide Corporation of…
Also in this document: Dissent.
2Cases cited6 opinions
- United Commodities-Greece v. Fidelity International BankNew York Court of Appeals · 1985
- Western International Forest Products, Inc. v. Shinhan BankDistrict Court, S.D. New York · 1994
- Full-Bright Industrial Co. v. Lerner Stores, Inc.District Court, S.D. New York · 1993
- Vose v. . YuleeNew York Court of Appeals · 1876
- Wood v. State Bank of Long IslandAppellate Division of the Supreme Court of the State of New York · 1994
1 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Lectrodryer v. SeoulBankCalifornia Court of Appeal · 2000
- 3Com Corp. v. Banco De Brasil, S.A.District Court, S.D. New York · 1998
- Bombay Industries, Inc. v. Bank of New YorkAppellate Division of the Supreme Court of the State of New York · 1996