SWISS CREDIT BANK v. INT'L BANK


23 Misc.2d 572 (1960)

Swiss Credit Bank, Plaintiff, v. International Bank, Ltd., Defendant.

Supreme Court, Special Term, New York County.

March 11, 1960.


Attorney(s) appearing for the Case

Becker & Martin (Emanuel Becker of counsel), for defendant.

Milbank, Tweed, Hope & Hadley for plaintiff.


ARON STEUER, J.

Defendant moves for various kinds of relief in connection with the third cause of action. The parties, both banks, had entered into an agreement in regard to certain letters of credit in which agreement defendant had contracted to indemnify and hold plaintiff harmless in regard to legal fees as well as other expenses. The particular terms, as far as necessary, are set out below. The third cause...

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