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CITIBANK, N.A. v. NYLAND (CF8) LTD.

Nos. 1049, 1050 Dockets 89-7072, 89-7076.

878 F.2d 620 (1989)

CITIBANK, N.A., Plaintiff-Appellee, v. NYLAND (CF8) LTD., The Republic of the Philippines, Defendants-Appellants, New York Land Company a/k/a Great Neckers Realty, Inc., et al., Defendants.

United States Court of Appeals, Second Circuit.

Decided June 29, 1989.

Attorney(s) appearing for the Case

Robert S. Smith, Andrew J. Levander, New York City (Paul, Weiss, Rifkind, Wharton & Garrison, New York City, on the brief), for defendant-appellant, Nyland (CF8) Ltd.

Jeffrey J. Greenbaum, New York City (Clive S. Cummis, James M. Hirschhorn, Sills Cummis, Zuckerman Radin Tischman Epstein & Gross, New York City and Morton Stavis, Center of Constitutional Rights, New York City, on brief), for defendant-appellant, Republic of the Philippines.

Robert M. Abrahams, New York City (Alan R. Glickman, Mark E. Kaplan, and Sherry K. Cohen, Schulte Roth & Zabel, New York City, on the brief), for plaintiff-appellee.

Before LUMBARD, FEINBERG and NEWMAN, Circuit Judges.

JON O. NEWMAN, Circuit Judge:

The reverberations from Ferdinand Marcos's fall from power have been felt in numerous American courtrooms and have managed to complicate this otherwise unexceptional suit to foreclose a second mortgage on commercial property in Manhattan. Nyland (CF8) Ltd. ("Nyland") and the Republic of the Philippines appeal from the judgment of the District Court for the Southern District of New York (Whitman Knapp, Judge) granting summary judgment...

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