PINEIRO v. CHASE MANHATTAN


106 Misc.2d 660 (1980)

Rosa M. Manas Y Pineiro, Plaintiff, v. Chase Manhattan Bank, N. A., Defendant.

Supreme Court, Trial Term, New York County.

December 3, 1980


Attorney(s) appearing for the Case

Lipkowitz & Plaut (Peter P. Kenny of counsel), for plaintiff. Milbank, Tweed, Hadley & McCloy (Andrew Connick of counsel), for defendant.


LEONARD N. COHEN, J.

This case is an illustrative caveat to foreign nationals purchasing promissory money instruments from American branch banks abroad wherein subsequent to purchase a foreign governmental change results in the confiscation of the national's funds. Unless the instrument clearly expresses intentions of payment of such a debt in United States dollars in the United States only the national's expectation...

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