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KOLYBA CORP. v. BANQUE NATIONALE De PARIS

316 A.2d 585 (1973)

KOLYBA CORP., a Delaware corporation, and Juan Zavala, Plaintiffs, v. BANQUE NATIONALE De PARIS, a foreign corporation duly organized and existing under the laws of the Republic of France, Defendant.

Court of Chancery of Delaware, New Castle.

April 26, 1973.

Attorney(s) appearing for the Case

H. James Conaway, Jr., Edward B. Maxwell, 2d, and Jack B. Jacobs, of Young, Conaway, Stargatt & Taylor, Wilmington, for plaintiffs.

Edmund D. Lyons and Eduard F. vonWettberg, III, of Morris, James, Hitchens & Williams, Wilmington, for Merrill Lynch, Pierce, Fenner & Smith, Inc. and French American Capital Corp.

DUFFY, Chancellor:

This case involves a dispute between Kolyba Corp., a Delaware corporation, and Juan Zavala, a resident of the Federal Republic of Germany (plaintiffs) and Banque Nationale De Paris, a corporation organized under the laws of France (defendant). Plaintiffs have attempted to secure jurisdiction over defendant by sequestration proceedings under 10 Del.C. § 366. Orders were entered by the Court on November 17 and December 4, 1972, appointing a sequestrator...

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