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HAMILTON BANK, N.A. v. KOOKMIN BANK

Docket No. 99-7595.

245 F.3d 82 (2001)

HAMILTON BANK, N.A., Plaintiff-Counter-Defendant-Appellant, v. KOOKMIN BANK (formerly The Citizen National Bank), Defendant-Cross-Claimant-Counter-Claimant-Appellee, Sky Industries Corporation, Defendant-Cross-Defendant.

United States Court of Appeals, Second Circuit.

March 15, 2001.

Attorney(s) appearing for the Case

Kevin C. Logue, (Paul, Hastings, Janofsky & Walker LLP, William C. Rand, on the brief), New York, NY, for Plaintiff-Counter-Defendant-Appellant.

Elliot Silverman, (McDermott, Will & Emery), New York, NY, for Defendant-Cross-Claimant-Counterclaimant-Appellee.

Before: KEARSE and POOLER, Circuit Judges, and KORMAN, District Judge.

POOLER, Circuit Judge

Plaintiff Hamilton Bank, N.A. ("Hamilton") issued a $1.5 million letter of credit on behalf of Sky Industries Corporation ("Sky") for the benefit of Sung-Jin Trading Co. ("Sung-Jin"). The letter of credit contained several conditions including a requirement that the entity negotiating it provide an authenticated telex from Hamilton. Sung-Jin, a Korean company, negotiated the letter of credit to Kookmin Bank ("Kookmin"), a Korean financial institution...

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