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KREDIEBANK v. P.T. IMPS., INC.

251 A.D.2d 248 (1998)

674 N.Y.S.2d 672

Krediebank N.V., Respondent, v. P.T. Imports, Inc., Appellant

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

June 25, 1998

Although the draft in question was made and delivered in Belgium, and the underlying commercial transaction occurred in Belgium, the IAS Court correctly applied New York law over Belgian law where defendant, the maker of the draft, resides and does business in New York; plaintiff, the holder of the draft, is licensed to do business in New York; the draft is payable in United States dollars in New York at defendant's bank, which...

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