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BANCO PARA EL COMERCIO v. FIRST NAT. CITY BANK

No. 106, Docket 80-7297.

744 F.2d 237 (1984)

BANCO PARA EL COMERCIO EXTERIOR DE CUBA, Plaintiff-Appellant, v. FIRST NATIONAL CITY BANK, Defendant-Appellee.

United States Court of Appeals, Second Circuit.

Decided August 4, 1981.

Remanded June 17, 1983.

Reargued April 5, 1984.

Decided June 27, 1984.

Attorney(s) appearing for the Case

Victor Rabinowitz, New York City (Rabinowitz, Boudin, Standard, Krinsky & Lieberman, P.C., New York City, on brief), for plaintiff-appellant.

Henry Harfield, New York City (John E. Hoffman, Jr., Jennifer Freeman, Shearman & Sterling, New York City, on brief), for defendant-appellee.

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

Remanded from the United States Supreme Court June 17, 1983.

KEARSE, Circuit Judge.

This case, in which Banco Para el Comercio Exterior de Cuba ("Bancec"), a former agency of the Cuban government, seeks to recover on a letter of credit issued by defendant First National City Bank ("Citibank"), and Citibank seeks to offset its losses from the expropriation of its Cuban branches by the Cuban government, returns to us on remand from the United States Supreme...

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