BANCO MERCANTIL v. NAVA


120 Misc.2d 517 (1983)

Banco Mercantil De Sao Paulo S. A., Plaintiff, v. Eloy Nava et al., Individually and Doing Business as Collado Ozamiz Company, Defendants.

Supreme Court, Special Term, New York County.

August 9, 1983


Attorney(s) appearing for the Case

Norman A. Kaplan for defendants. Leonard N. Shapiro for plaintiff.


HERMAN CAHN, J.

New York City is the financial capital of the United States, and probably of the world. As such, its traders and banking institutions are often faced with problems caused by commercial practices of foreign countries, which are radically different from and impact on our usages. In the instant case, the problems inherent in a less-than-free currency market in the Dominican Republic, gave rise to transactions which are the subject of this...

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