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CREDIT FRANCAIS v. SOCIEDAD

128 Misc.2d 564 (1985)

Credit Francais International, S. A., Plaintiff, v. Sociedad Financiera De Comercio, C. A., Defendant.

Supreme Court, Special Term, New York County.

May 14, 1985

Attorney(s) appearing for the Case

Butler, Fitzgerald & Potter (Stuart Potter of counsel), for plaintiff. Kramer, Levin, Nessen, Kamin & Frankel (Abbe L. Dienstag of counsel), for defendant.

EDWARD J. GREENFIELD, J.

Plaintiff Credit Francais International, S. A., is a French banking corporation headquartered in Paris which was part of an international consortium of nine banks which loaned $25,000,000 to defendant Sociedad Financiera de Comercio, C. A., a Venezuelan financial institution, pursuant to a written deposit agreement entered into on November 24, 1980. Plaintiff bank deposited $3,000,000...

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