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BANK OF CREDIT AND COMMERCE INT'L LTD. v. STATE BANK OF PAKISTAN

No. 97 Civ. 8736(SHS).

46 F.Supp.2d 231 (1999)

BANK OF CREDIT AND COMMERCE INTERNATIONAL (OVERSEAS) LIMITED, Plaintiff, v. STATE BANK OF PAKISTAN, Defendant.

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

April 15, 1999.

Attorney(s) appearing for the Case

Michael Nussbaum, Ropes & Gray, Washington, DC, for Bank of Credit and Commerce Intern. (Overseas) Ltd.

H. Peter Haveles, Jr., H. Peter Haveles, Cadwalader, Wickersham & Taft, New York City, for State Bank of Pakistan.

Eugene R. Anderson, Anderson Kill & Olick, P.C., for Bank of Credit and Commerce Intern., S.A.

OPINION

STEIN, District Judge.

The State Bank of Pakistan has moved to dismiss this action between a Cayman Islands bank and the central bank of Pakistan for breach of a loan agreement on the grounds of forum non conveniens. That motion is granted because Pakistan is an adequate alternate forum for this dispute and because the convenience of the parties and the ends of justice are best served by having the dispute heard in the courts of Pakistan....

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