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OMAR INTERN. v. ALAF

No. 85 Civ. 8566(VLB).

817 F.Supp. 394 (1993)

OMAR INTERNATIONAL, INC., Plaintiff, v. ALAF GENERAL ORGANIZATION FOR FODDER, The Commercial Bank of Syria, S.A., and UBAF Arab American Bank, Defendants.

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

March 31, 1993.

Attorney(s) appearing for the Case

Samuel J. Abate, Jr., Beatie, King & Abate, New York City, for plaintiff.

Michael E. Norton, King and Spaulding, New York City, for defendant UBAF Arab American Bank.

MEMORANDUM ORDER

VINCENT L. BRODERICK, District Judge.

I

This case involves an allegedly wrongful seizure of funds put up by plaintiff to secure an irrevocable standby letter of credit posted in connection with an international commercial transaction.

In this memorandum order I address a claim by plaintiff Omar International, Inc., ("Omar") against defendant UBAF Arab American Bank ("UBAF"), a New York bank.

Omar had applied...

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