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WESTON COMPAGNIE v. LA REPUBLICA DEL ECUADOR

No. 93 Civ. 2698 (LMM).

823 F.Supp. 1106 (1993)

WESTON COMPAGNIE DE FINANCE ET D'INVESTISSEMENT, S.A., Plaintiff, v. LA REPUBLICA DEL ECUADOR, et al., Defendants.

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

June 11, 1993.

Attorney(s) appearing for the Case

Michael Strauss and Ellen Wahl Parker of Davis, Scott, Weber & Edwards, P.C., New York City, for plaintiff, Weston Compagnie de Finance et d'Investissement.

George Weisz of Cleary, Gottlieb, Steen & Hamilton, New York City, for defendant, La Republica del Ecuador.

MEMORANDUM AND ORDER

McKENNA, District Judge.

1.

Plaintiff, a "financial institution" organized under the laws of Switzerland, "[a] substantial part of [the business of which] has involved the acquisition and trading of Latin American debt" (Gerstel Decl. ¶ 2), commenced this action on April 26, 1993 to recover $20,756,959.74 in principal and $9,587,360.34 in interest (computed as of February 16, 1993) from the Republic of Ecuador ...

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