Plaintiff, a Cayman Islands corporation, commenced this action to recover losses in excess of $2.3 million arising out of five interest rate swaps transactions recommended to plaintiff by defendant. In our view, the IAS Court abused its discretion in denying defendant's motion for forum non conveniens dismissal. It is clear that this action has no substantial nexus with New York (see, Silver v Great Am. Ins. Co.,
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NEUTER, LTD. v. CITIBANK
239 A.D.2d 213 (1997)
657 N.Y.S.2d 663
Neuter, Ltd., Respondent, v. Citibank, N. A., Appellant
Appellate Division of the Supreme Court of the State of New York, First Department.https://leagle.com/images/logo.png
May 15, 1997
May 15, 1997
Appellate Division of the Supreme Court of the State of New York, First Department.
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