ALL SERVICE EXPORTACAO, IMPORTACAO COMERCIO, S.A. v. BANCO BAMERINDUS DO BRAZIL, S.A.

Nos. 970, 971, Docket 90-7955, 90-7985.

921 F.2d 32 (1990)

ALL SERVICE EXPORTACAO, IMPORTACAO COMERCIO, S.A., Plaintiff-Appellant, v. BANCO BAMERINDUS DO BRAZIL, S.A., NEW YORK BRANCH, First Chicago International Bank, Defendants, Banco Bamerindus Do Brazil, S.A., New York Branch, Defendant-Appellant, M.M. International Ltd., Intervenor-Appellee.

United States Court of Appeals, Second Circuit.

Decided December 20, 1990.


Attorney(s) appearing for the Case

Robert A. Cohen, New York City (Liam G.B. Murphy, Dechert Price & Rhoads, New York City, of counsel), for plaintiff-appellant.

Robert L. Sills, Reboul, MacMurray, Hewitt, Maynard & Kristol, New York City, for defendant-appellant.

Alan M. Unger, Sidley & Austin, New York City, for intervenor-appellee.

Before KAUFMAN, NEWMAN and WINTER, Circuit Judges.


IRVING R. KAUFMAN, Circuit Judge:

Commercial letters of credit have facilitated the operation of international commerce over the centuries. This heated dispute over a hill of beans involves parties from three continents and provides a telling example of the geographical reach of this method of trading. Appellant All Service Exportacao, Importacao Comercio, S.A. ("All Service"), a Brazilian company, commenced this action in a New York State court to enjoin appellant...

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