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UNIVERSAL CONSOL. COMPANIES, INC. v. BANK OF CHINA

No. 93-3528.

35 F.3d 243 (1994)

UNIVERSAL CONSOLIDATED COMPANIES, INC., Plaintiff-Appellant, v. BANK OF CHINA, Defendant-Appellee.

United States Court of Appeals, Sixth Circuit.

Decided September 6, 1994.

Attorney(s) appearing for the Case

Frederick J. McGavran (argued), Joseph J. Dehner (briefed), Frost & Jacobs, Cincinnati, OH, for plaintiff-appellant.

Henry N. Heuerman (argued and briefed), James L. Rogers, Eastman & Smith, Toledo, OH, Christopher Brady, Hollyer, Brady, Smith, Troxell, Barrett, Rocket, Hines & Mone, New York City, for defendant-appellee.

Before: MERRITT, Chief Judge; and MILBURN and SILER, Circuit Judges.

MERRITT, Chief Judge.

Plaintiff Universal Consolidated Companies, an Ohio corporation, sued the Bank of China, an instrumentality of the People's Republic of China, for more than $14 million in damages allegedly resulting from what Universal claimed was the Bank's anticipatory repudiation of an irrevocable documentary letter of credit connected to Universal's construction of a steel mill in Tianjin, China. The District Court...

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