Legal Opinion

First Savings Bank of Virginia v. Barclays Bank

District of Columbia Court of Appeals

Decided December 18, 1992No. 90-CV-951, 90-CV-1049PublishedCited by 8 opinions

1Opinion of the Court

STEADMAN, Associate Judge:

This appeal involves competing claims of unpaid creditors to the interest of Basil and Laura Tsakos in a cooperative apartment located in the Watergate West apartment complex. Appellant First Savings Bank of Virginia (“First Savings”) asserts a security interest in the apartment arising by virtue of a November 20, 1985 loan to the Tsakos for which they executed an agreement “pledging” their interest in the proprietary lease as collateral and giving First Savings possession of the proprietary lease document. Appellee Barclays Bank, S.A., (“Barclays”) asserts a lien…

2Cases cited9 opinions

  1. Chevron Oil Co. v. HusonSupreme Court of the United States · 1971
  2. United Housing Foundation, Inc. v. FormanSupreme Court of the United States · 1975
  3. State Tax Commission v. ShorNew York Court of Appeals · 1977
  4. Clay Properties, Inc. v. Washington Post Co.District of Columbia Court of Appeals · 1992
  5. Sinnissippi Apartments, Inc. v. HubbardAppellate Court of Illinois · 1983

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3Cited by8 opinions

  1. ALH Properties Ten, Inc. v. 306-100th Street Owners Corp.New York Court of Appeals · 1995
  2. Drabkin v. Capital Bank, N.A. (In Re Latin Investment Corp.)District Court, District of Columbia · 1993
  3. Watergate West, Inc. v. Barclays Bank, S.A.District of Columbia Court of Appeals · 2000
  4. In Re PandeffUnited States Bankruptcy Court, S.D. New York · 1996
  5. Souci v. William C. Smith & Co.District of Columbia Court of Appeals · 2000

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