Legal Opinion
Trans Meridian Trading Inc. v. Empresa Nacional de Comercializacion de Insumos
Court of Appeals for the Ninth Circuit
Decided October 9, 1987No. 86-6627PublishedCited by 5 opinions
1Opinion of the Court
LEAVY, Circuit Judge.
This action involves a letter of credit issued by Banque Indosuez in favor of Ban-co Continental at the request of Trans Meridian Trading Inc. (TMTI). Banco Continental has demanded payment on the letter of credit. TMTI seeks to enjoin Banco Continental from demanding payment and Banque Indosuez from making payment. The district court denied TMTI’s motion for a preliminary injunction. This court granted TMTI’s request for a stay pending appeal. We now affirm the district court’s decision and lift the stay.
FACTS
Defendant Multinacional Latinoamericana de Comercialización de…
2Cases cited15 opinions
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- Enterprise International, Inc. v. Corporacion Estatal Petrolera EcuatorianaCourt of Appeals for the Fifth Circuit · 1985
- Kmw International v. Chase Manhattan Bank, N. A.Court of Appeals for the Second Circuit · 1979
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3Cited by5 opinions
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