BANK OF NEW YORK v. BANK OF AM.


247 A.D.2d 230 (1998)

668 N.Y.S.2d 355

Bank of New York et al., Appellants, v. Bank of America et al., Respondents

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

February 5, 1998


The motion court correctly held that a ruling by the Australian courts that New South Wales is a forum non conveniens for the parties' dispute does not operate as res judicata and collateral estoppel on the merits of whether plaintiffs herein, who were the defendants in Australia, breached the agreement in issue. In the latter regard, issues of fact remain unresolved, particularly as to whether plaintiffs acted in good faith and expended their best efforts to consummate the...

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