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WESTON v. TURKIYE GARANTI

57 N.Y.2d 315 (1982)

Weston Banking Corporation, Respondent, v. Turkiye Garanti Bankasi, A.S., Appellant.

Court of Appeals of the State of New York.

Decided November 16, 1982.

Attorney(s) appearing for the Case

Paul L. Kennedy and Harry G. Barlow for appellant.

Julian W. Friedman and Denise G. Shekerjian for respondent.

Chief Judge COOKE and Judges GABRIELLI, JONES, WACHTLER and FUCHSBERG concur with Judge JASEN; Judge MEYER dissents and votes to reverse in a separate opinion.

JASEN, J.

On this appeal, we are asked to decide whether, in light of the Act of State doctrine and the Bretton Woods Agreement, a Panamanian bank can maintain an action in this State against a Turkish bank on the basis of a promissory note that designates New York as the proper jurisdiction for resolution of any disputes. A secondary issue presented by this appeal...

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