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COLONIAL BANK v. CGMF

No. 85 Civ. 7830(PNL).

645 F.Supp. 1457 (1986)

COLONIAL BANK, Petitioner, v. COMPAGNIE GENERALE MARITIME et FINANCIERE, Respondent.

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

October 15, 1986.

Attorney(s) appearing for the Case

Cadwalader, Wickersham & Taft, New York City, for petitioner; Stephen G. Austin, Howard R. Hawkins, Jr., Joseph J. Schiavone, William D. Smith, of counsel.

Haight, Gardner, Poor & Havens, New York City, for respondent; Richard G. Ashworth, Robert C. Horner, Robert J. Rosoff, of counsel.

OPINION AND ORDER

LEVAL, District Judge.

This action was brought by Colonial Bank ("Colonial"), a Connecticut corporation, against Compagnie Generale Maritime et Financiere ("CGMF"), a corporation wholly owned by the Republic of France, for damages caused by CGMF's arrests in France and Egypt of the Greek-flag vessel the GME Atlantico (the "Atlantico"), a vessel owned by Compania Naviera Pancarib S.A. ("Pancarib") and operated by General Maritime Enterprises...

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