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TEXAS TRADING & MILLING CORP. v. FEDERAL REPUBLIC OF NIGERIA

Nos. 644 to 647 and 1369 to 1371, Dockets 80-7703, 80-7771, 80-7773, 80-7783, 80-7803, 80-7811 and 80-7813.

647 F.2d 300 (1981)

TEXAS TRADING & MILLING CORP., Plaintiff-Appellant, v. FEDERAL REPUBLIC OF NIGERIA and Central Bank of Nigeria, Defendants-Appellees. DECOR BY NIKKEI INTERNATIONAL, INC., d/b/a Nikkei International, Inc., Plaintiff-Appellee-Cross-Appellant, v. FEDERAL REPUBLIC OF NIGERIA and Central Bank of Nigeria, Defendants-Appellants-Cross-Appellees. CHENAX MAJESTY, INC., Plaintiff-Appellant-Cross-Appellee, v. FEDERAL REPUBLIC OF NIGERIA and Central Bank of Nigeria, Defendants-Appellees-Cross-Appellants. EAST EUROPE IMPORT-EXPORT, INC., Plaintiff-Appellee-Cross-Appellant, v. FEDERAL REPUBLIC OF NIGERIA and Central Bank of Nigeria, Defendants-Appellants-Cross-Appellees.

United States Court of Appeals, Second Circuit.

Decided April 16, 1981.

Rehearing and Rehearing Denied August 13, 1981.

Attorney(s) appearing for the Case

Abram Chayes, Cambridge, Mass., for all plaintiffs.

Richard H. Webber, New York City (Peter W. Flanagan, Hill, Rivkins, Carey, Loesberg, O'Brien & Mulroy, New York City, of counsel), for plaintiff-appellant Texas Trading & Milling Corp.

Lewis S. Sandler, New York City, for plaintiff-appellee-cross-appellant Decor by Nikkei International, Inc.

Robert Layton, New York City (Daniel J. Brooks, Thomas L. Abrams, Layton & Sherman, New York City, of counsel), for plaintiff-appellant-cross-appellee Chenax Majesty, Inc.

Berthold H. Hoeniger, New York City, for plaintiff-appellee-cross-appellant East Europe Import-Export, Inc.

James G. Simms, New York City (Craig P. Murphy, Peter J. Dranginis, Jr., Kissam, Halpin & Genovese, New York City, of counsel), for defendants-appellees.

Before KAUFMAN and TIMBERS, Circuit Judges, and WARD, District Judge.

Rehearing and Rehearing In Banc Denied August 13, 1981.

IRVING R. KAUFMAN, Circuit Judge:

These four appeals grow out of one of the most enormous commercial disputes in history, and present questions which strike to the very heart of the modern international economic order. An African nation, developing at breakneck speed by virtue of huge exports of high-grade oil, contracted to buy huge quantities of Portland cement, a commodity crucial to the construction...

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