Article

Fraud; Negotiation; Permanent Injunction against Drawing

Type of Lawsuit:

Applicant against nominated bank to enjoin drawing under a standby letter of credit.

Parties and Transaction:

(same as above)

Decision:

Order of the U.S. District Court for the Southern District of New York, Sweet, Judge, permanently enjoining the nominated bank against drawing under a standby letter of credit.

Prior History:

Brenntag International Chemicals v. Norddeutsche Landesbank GZ , 9 F.Supp. 2d 331 (S.D.N.Y. 1998) (ordering preliminary injunction), abstracted at 1999 Annual Survey 332; aff 'd,Brenntag International Chemicals v. Norddeutsche Landesbank GZ , 97 Civ. 2688 (RWS), 1998 U.S. Dist. LEXIS 9142 (S.D.N.Y. 18 June 1998) (ordering preliminary injunction).

Rationale:

(Same as above, except for consideration of procedural issues relating to summary judgment and permanent injunctive relief.)

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