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BANQUE COMPAFINA v. BANCO DE GUATEMALA

No. 84 Civ. 1061 (RWS).

583 F.Supp. 320 (1984)

BANQUE COMPAFINA, Plaintiff, v. BANCO DE GUATEMALA, Desarrollo De Autopistas y Carreteras De Guatemala, S.A., Estoril Associated, Inc., and Devco Development Co., Inc., Defendants.

United States District Court, S.D. New York.

March 23, 1984.

Attorney(s) appearing for the Case

Bushkin, Gaims, Gaines & Stream, New York City, for plaintiff; Arnold C. Stream, Jeffrey T. Strauss, Lawrence B. Trachtenberg, New York City, of counsel.

Sage, Gray, Todd & Sims, New York City, for defendant Banco De Guatemala; Gilson B. Gray III, William B. Korman, John A. Forlines, III, Jerry J. Strochlic, Stuart A. Krause, New York City, of counsel.

OPINION

SWEET, District Judge.

Presently pending before the court are the motions of plaintiff Banque Compafina ("Compafina") to confirm its ex parte order of attachment ("Order") and of defendant Banco de Guatemala ("Banco de Guatemala") to vacate the Order pursuant to the Foreign Sovereign Immunities Act of 1976 ("FSIA"), 28 U.S.C. §§ 1601 through 1611, specifically §§ 1611(b)(1) and 1610(d)(1). For the reasons given below, the...

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