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ARAB INTERN. BANK & TR. v. NAT. WESTMINSTER BANK

No. 78 CIV 3370 (LBS).

463 F.Supp. 1145 (1979)

ARAB INTERNATIONAL BANK & TRUST CO., LTD., Plaintiff, v. NATIONAL WESTMINSTER BANK LIMITED, Defendant.

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

January 15, 1979.

Attorney(s) appearing for the Case

Donald A. Capobianco, Port Washington, N. Y., for plaintiff.

Kieffer & Hahn, New York City, for defendant; Bleakley, Platt, Schmidt & Fritz, New York City (of counsel).

OPINION

SAND, District Judge.

This is an action characterized by the plaintiff as a suit to recover on a guarantee. Plaintiff alleges that defendant National Westminster Bank, Ltd. agreed to guarantee payment of a commission due plaintiff from London and Lancashire Property Co., Ltd. Defendant vigorously contests plaintiff's characterization of the nature of the transaction in question, and indeed, the facts as to the underlying transaction are quite obscure...

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