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Allied Bank International v. Banco Credito Agricola de Cartago. No. 83-7714
Published online by Cambridge University Press: 16 May 2017
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- Type
- Judicial Decisions
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- Copyright
- Copyright © American Society of International Law 1984
References
1 566 F.Supp. 1440 (S.D.N.Y. 1983), summarized in 78 AJIL 441 (1984). Following the district court's dismissal, 38 of the 39 plaintiff banks signed a refinancing agreement. Thus, only one of the original plaintiffs was represented on appeal.
2 No. 83-7714, slip op. at 7-8 (citing United States v. Belmont, 301 U.S. 324 (1937); United Bank Ltd. v. Cosmic Int'l, Inc., 542 F.2d 868 (2d Cir. 1976)).
3 See 11 U.S.C. §§103(a), 362, 901(a) (1982).
4 Slip op. at 9. The court similarly relied on Canada S. Ry. Co. v. Gebhard, 109 U.S. 527 (1883), in which the U.S. Supreme Court bound New York bondholders to the Canadian Government's reorganization of the debts of Canadian Southern Railway.
5 Slip. op. at 10 (citing Hunt v. Mobil Oil Corp., 550 F.2d 68, 73 (2d Cir.), summarized in 71 AJIL 780 (1977), cert, denied, 434 U.S. 984 (1977)).
6 Libra Bank Ltd. v. Banco Nacional de Costa Rica, 570 F.Supp. 870, 882 (S.D.N.Y. 1983), summarized in 78 AJIL 443 (1984).