MATTER OF DOLLAR CORP.

Bankruptcy No. 88-08473-S, Adv. No. 90-0889.

139 B.R. 192 (1992)

In the Matter of DOLLAR CORPORATION, Debtor. The UNSECURED CREDITORS' COMMITTEE OF DOLLAR CORPORATION, Plaintiff, v. HYUNDAI MOTOR COMPANY, Defendant.

United States Bankruptcy Court, E.D. Michigan, S.D.

January 30, 1992.


Attorney(s) appearing for the Case

Peter A. Nathan, Jacob & Weingarten, P.C., Troy, Mich., for plaintiff.

Larry K. Griffis, Jaffe, Raitt & Heuer, P.C., Detroit, Mich., for defendant.


OPINION ON MOTION OF HYUNDAI MOTOR COMPANY FOR STAY OF PROCEEDINGS PENDING ARBITRATION

WALTER SHAPERO, Bankruptcy Judge.

On November 20, 1987, Hyundai Motor Company ("Hyundai") and the debtor, Dollar Corporation ("Dollar"), entered into a contract. For the price of $2,135,000.00, Dollar agreed to supply and install floor plan assembly equipment for Hyundai's new "Excel" line of cars at Hyundai's automobile manufacturing plant in Ulsan, Korea. Article 33 of...

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