BROADFIELD FINANCE, INC. v. MINISTRY OF FIN. OF SLOVAK

No. 99 CIV. 4061(JSR).

99 F.Supp.2d 403 (2000)

BROADFIELD FINANCE, INC. and New York Forfaiting, Inc., Plaintiffs, v. MINISTRY OF FINANCE OF THE SLOVAK REPUBLIC, Petrimex, Ltd., Marian Mojzis, Ministry of the Economy of the ARAB Republic of Egypt and Central Bank of Egypt, Defendants.

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

June 1, 2000.


Attorney(s) appearing for the Case

Robert A. Giacovas, Lazare, Potter & Giacovas L.L.P., New York City, Thomas Hennessey, Bingham, Dana LLP, Boston, MA, for Plaintiffs.

Andrew W. Cohen, Squire, Sanders & Dempsey, Washington, DC, for Defendant Ministry of Finance of the Slovak Republic.

Jay Cohen, Holly D. Jarmul, Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for Defendants Ministry of the Economy of the Arab Republice of Egypt and Central Bank of Egypt.


MEMORANDUM ORDER

RAKOFF, District Judge.

Whether this Court has jurisdiction over the sovereign defendants here sued depends on application of the Foreign Sovereign Immunity Act ("FSIA"), 28 U.S.C. § 1604, to the relevant facts, which are as follows:

In 1984, the Government of Czechoslovakia agreed to lend up to $70 million to the Government of Egypt to help finance Egypt's purchase of various goods and services from Czechoslovakia. Thereafter...

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