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BANCO NACIONAL de CUBA v. CHEMICAL BANK NEW YORK CO.

Nos. 52 to 54 and 119 to 121. Dockets 80-7209, 80-7249, 80-7215, 80-7255, 80-7205 and 80-7247.

658 F.2d 903 (1981)

BANCO NACIONAL de CUBA, Plaintiff-Appellant-Cross-Appellee, v. CHEMICAL BANK NEW YORK TRUST COMPANY, Defendant-Appellee-Cross-Appellant. BANCO NACIONAL de CUBA, Plaintiff-Appellant-Cross-Appellee, v. MANUFACTURERS TRUST COMPANY, Defendant-Appellee-Cross-Appellant. BANCO NACIONAL de CUBA, Plaintiff-Appellant-Cross-Appellee, v. IRVING TRUST COMPANY, Defendant-Appellee-Cross-Appellant.

United States Court of Appeals, Second Circuit.

Decided August 4, 1981.

Attorney(s) appearing for the Case

Michael Krinsky, New York City (Victor Rabinowitz, Rabinowitz, Boudin, Standard, Krinsky & Lieberman, New York City, on the brief) for plaintiff-appellant-cross-appellee.

Henry Landau, New York City (James J. Haugh, John J. Kerr, Jr., Wendy L. Miller, Simpson, Thacher & Bartlett, New York City, on the brief), for defendant-appellee-cross-appellant Manufacturers Hanover Trust Co.

Richard B. Lind, New York City (Ralph L. McAfee, Richard S. Simmons, Cravath, Swaine & Moore, New York City, on the brief), for defendant-appellee-cross-appellant Chemical Bank.

Winthrop, Stimson, Putnam & Roberts, New York City (William W. Karatz, Alice M. Clark, Rebecca S. Rudnick, New York City, on the brief), for defendant-appellee-cross-appellant Irving Trust Co.

Before LUMBARD, VAN GRAAFEILAND, and KEARSE, Circuit Judges.

KEARSE, Circuit Judge:

These three unconsolidated appeals, which were briefed and argued together, arise out of the expropriation in 1960 by the Republic of Cuba of a company called Cuban Electric Company, which at the time of the expropriation had outstanding balances on loans from defendants Chemical Bank New York Trust Company ("Chemical"), Manufacturers Trust Company ("Manufacturers"), and Irving Trust Company ("Irving"). The present actions were instituted by...

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