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BRENNTAG INTERN. CHEMICALS, INC. v. BANK OF INDIA

No. 98-7992.

175 F.3d 245 (1999)

BRENNTAG INTERNATIONAL CHEMICALS, INC., Plaintiff-Appellee, v. BANK OF INDIA, Defendant-Cross-Claimant-Appellant, Norddeutsche Landesbank GZ, Defendant.

United States Court of Appeals, Second Circuit.

Decided April 26, 1999.

Attorney(s) appearing for the Case

James C. Murray, Jr., Katten, Muchin & Zavis (Christian T. Kemnitz, Katten, Muchin & Zavis, of counsel; Linda C. Goldstein, Howard, Smith & Levin, New York, New York, of counsel), Chicago, Illinois, for Plaintiff-Appellee.

James D. Arden, Sidley & Austin (Rajiv Khanna, John J. Lavelle, of counsel), New York, New York, for Defendant-Cross-Claimant-Appellant.

Before: WINTER, Chief Judge, VAN GRAAFEILAND, and PARKER, Circuit Judges.

WINTER, Chief Judge:

Bank of India ("BOI") appeals from Judge Sweet's order preliminarily enjoining Norddeutsche Landesbank GZ ("NDL") from making payment under an irrevocable stand-by letter of credit ("LOC"). The LOC was issued by NDL at the request of Brenntag International Chemicals, Inc. ("Brenntag"), as applicant, made out to Petro Pharma PTE, Ltd. ("Petro") as beneficiary and named BOI as Petro's negotiator bank. Judge Sweet also enjoined BOI from commencing...

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