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CREDIT SUISSE INTL. v. URBI

Docket No. 651318/13.

41 Misc.3d 601 (2013)

971 N.Y.S.2d 177

2013 NY Slip Op 23292

CREDIT SUISSE INTERNATIONAL, Plaintiff, v. URBI, DESARROLLOS URBANOS, S.A.B. DE C.V., et al., Defendants.

Supreme Court, New York County.

Decided August 21, 2013.

Attorney(s) appearing for the Case

Kent, Beatty & Gordon LLP, New York City ( Joshua Katz of counsel), for Urbi, Desarrollos Urbanos, S.A.B. de C.V., defendant.

Davis Polk & Wardell LLP, New York City ( Lawrence J. Portnoy of counsel), for plaintiff.

OPINION OF THE COURT

CHARLES E. RAMOS, J.

In motion sequence 001, defendant Urbi, Desarrollos Urbanos, S.A.B. de C.V. (Urbi) moves pursuant to CPLR 3211 (a) and Business Corporation Law § 1312 to dismiss the plaintiff Credit Suisse International's (CSI) complaint or, in the alternative, to stay this action.

This action arises out of a dispute over a credit default swap agreement. Urbi's motion to dismiss challenges CSI's ability to maintain...

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