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BANQUE INDOSUEZ v. PANDEFF

193 A.D.2d 265 (1993)

Banque Indosuez, Respondent v. Eftim Pandeff, Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

November 4, 1993

Attorney(s) appearing for the Case

Mark A. Fowler of counsel, New York City (Joshua M. Rubins with him on the brief; Satterlee Stephens Burke & Burke, attorneys), for appellant.

Penny E. Fisher of counsel, New York City (H. Peter Haveles, Jr., and Christopher F. Robertson with her on the brief; Cadwalader, Wickersham & Taft, attorneys), for respondent.

ELLERIN, KUPFERMAN and NARDELLI, JJ., concur.

SULLIVAN, J. P.

This is an appeal from the grant of a CPLR 3213 motion for summary judgment in lieu of complaint based on an unconditional, written guarantee and the subsequent judgment entered thereon in the sum of $2,028,769.29.

Plaintiff, Banque Indosuez, a French bank doing business in Switzerland, extended a series of loans in the form of a line of credit to Axa Capital Corporation (524,000 deutschmarks...

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