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HOFF RESEARCH & DEV. LAB., INC. v. PHILIPPINE NAT. BANK

No. 743, Docket 34587.

426 F.2d 1023 (1970)

HOFF RESEARCH & DEVELOPMENT LABORATORIES, INC., Plaintiff-Appellant, v. PHILIPPINE NATIONAL BANK and Philippine National Bank, New York Agency, Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided June 4, 1970.

Attorney(s) appearing for the Case

Arnold Davis, New York City, for plaintiff-appellant.

Matthew E. McCarthy, New York City, for defendants-appellees.

Before HAYS, ANDERSON and FEINBERG, Circuit Judges.

ANDERSON, Circuit Judge:

In 1961 the Clep Cement Corp., of Manila, Philippines, hired appellant, Hoff Research & Development Laboratories, Inc., an Ohio corporation, as a contractor for the construction of a cement plant in the Philippines. Hoff Research undertook to arrange the purchase of machinery and equipment in the United States and to supervise construction of the plant. Clep secured financing for the project from the appellee, Philippine National Bank...

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