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CALLEJO v. BANCOMER, S.A.

No. 84-1270.

764 F.2d 1101 (1985)

William F. CALLEJO, Individually and as Trustee, and Adelfa B. Callejo, as Trustee, Plaintiffs-Appellants, v. BANCOMER, S.A., Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

As Corrected July 16, 1985.

Attorney(s) appearing for the Case

Worsham, Forsythe, Samples & Woodridge, Robert K. Wise, Dallas, Tex., for plaintiffs-appellants.

Clark, West, Keller, Butler & Ellis, Mike Tabor, Dallas, Tex., Curtis, Mallet-Prevost, Colt & Mosle, Manuel R. Angulo, New York City, for Bancomer.

Before GOLDBERG, JOHNSON and DAVIS, Circuit Judges.

GOLDBERG, Circuit Judge:

This suit is one of several arising from the promulgation by Mexico of exchange control regulations on August 13, 1982, and from the subsequent nationalization of privately-owned Mexican banks on September 1, 1982. The exchange control regulations mandated that all deposits in Mexican banks, however denominated, be repaid in Mexican pesos at specified rates of change. Because the dollar rate of exchange was well below the market rate, the...

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