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CIBC BANK & TRUST CO. v. BANCO CENT. do BRASIL

94 Civ. 4733 (LAP).

886 F.Supp. 1105 (1995)

CIBC BANK AND TRUST COMPANY (CAYMAN) LIMITED, Plaintiff, v. BANCO CENTRAL do BRASIL, Banco do Brasil, S.A., and Citibank, N.A., in its capacity as agent under the Brazil Multi-Year Deposit Facility Agreement, Defendants.

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

May 9, 1995.

Attorney(s) appearing for the Case

Martin London, Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for plaintiff.

Kenneth V. Handal, Arnold & Porter, Washington, DC, Richard F. Lawler, Whitman Breed Abbott & Morgan, and Francis S.L. Wang, Wang & Wang, New York City, for defendants.

MEMORANDUM AND ORDER

PRESKA, District Judge.

Plaintiff, CIBC Bank and Trust Company (Cayman) Limited ("CIBC"), has brought this action relating to an alleged breach of the Multi-Year Deposit Facility Agreement dated September 22, 1988 (the "MYDFA" or the "Agreement"). Defendants, Banco Central do Brasil (the "Central Bank"), Banco do Brasil, S.A. ("BdB"), and Citibank, N.A., in its capacity as agent under the MYDFA ("Citibank"), have each moved to...

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