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CANADIAN OVERSEAS ORES LTD. v. COMPANIA, ETC.

No. 78 Civ. 2451 (MEL).

528 F.Supp. 1337 (1982)

CANADIAN OVERSEAS ORES LIMITED, Plaintiff, v. COMPANIA DE ACERO DEL PACIFICO S.A., Defendant.

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

January 7, 1982.

Attorney(s) appearing for the Case

Wachtell, Manheim & Grouf, New York City, for plaintiff; Andrew Freeman, Franz S. Leichter, Stephen M. Harnik, New York City, of counsel.

Cleary, Gottlieb, Steen & Hamilton, New York City, for defendant; George J. Grumbach, Jr., Louis B. Kimmelman, New York City, of counsel.

LASKER, District Judge.

Canadian Overseas Ores Limited ("CANOVER") sues to recover for spare parts and related equipment allegedly delivered to the Compania Minera Santa Fe ("Santa Fe") in 1971 and to recover for loans allegedly made to Santa Fe prior to 1978, by its predecessor, Canadian Foreign Minerals Limited ("CAFOMI"). CANOVER alleges that Compania de Acero Del Pacifico S.A. ("CAP") is liable for these debts of Santa Fe because CAP acquired Santa Fe in November...

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