IRVING R. KAUFMAN, Circuit Judge:
Commercial letters of credit have facilitated the operation of international commerce over the centuries. This heated dispute over a hill of beans involves parties from three continents and provides a telling example of the geographical reach of this method of trading. Appellant All Service Exportacao, Importacao Comercio, S.A. ("All Service"), a Brazilian company, commenced this action in a New York State court to enjoin appellant...
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