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HAMILTON BANK, N.A. v. KOOKMIN BANK

No. 98 CIV. 2162(LAK).

44 F.Supp.2d 653 (1999)

HAMILTON BANK, N.A., Plaintiff, v. KOOKMIN BANK, et ano., Defendants.

United States District Court, S.D. New York.

April 28, 1999.

Attorney(s) appearing for the Case

Kevin C. Logue, William C. Rand, Paul, Hastings, Janofsky & Walker LLP, New York City, for Plaintiff.

Elliot Silverman, McDermott, Will & Emery, New York City, for Defendants.

MEMORANDUM OPINION (Second Corrected)

KAPLAN, District Judge.

Kookmin Bank ("Kookmin"), which is organized in the Republic of Korea ("Korea"),1 presented a draft for payment under a letter of credit (the "L/C") issued by Hamilton Bank, N.A. ("Hamilton"), a national bank with its principal office in Florida.2 Hamilton refused to pay because a required document was missing. Hamilton, however, failed...

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