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VERLINDEN B.V. v. CENTRAL BANK OF NIGERIA

No. 79 Civ. 1150.

488 F.Supp. 1284 (1980)

VERLINDEN B.V., Plaintiff, v. CENTRAL BANK OF NIGERIA, Defendant.

United States District Court, S. D. New York.

April 21, 1980.

Attorney(s) appearing for the Case

Berthold H. Hoeniger, New York City, for plaintiff.

Kissam, Halpin & Genovese, New York City, for defendant; James G. Simms, Leo T. Kissam, James H. Halpin, Laurence May, Peter J. Dranginis, New York City, of counsel.

OPINION

EDWARD WEINFELD, District Judge.

Verlinden B.V. ("Verlinden"), a Dutch corporation with its principal offices in Amsterdam, The Netherlands, commenced this action for anticipatory breach of an irrevocable documentary letter of credit established in its favor by the defendant Central Bank of Nigeria, and advised and payable by its correspondent bank, Morgan Guaranty Trust Company in New York. The defendant Central Bank of Nigeria ("Central Bank")...

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