Court of Appeals for the Seventh Circuit February 8, 1994, 93-1949 (Israel Aircraft Industries Ltd. v. Sanwa Business Credit Corporation and the Sanwa Bank, Limited)

EASTERBROOK, Circuit Judge.

Sanwa Business Credit Corporation, the principal lender to Fairchild Aircraft Corporation, is the American subsidiary of a Japanese bank. After Fairchild entered bankruptcy, Israel Aircraft Industries, Ltd. (an Israeli corporation) and Quadrant Management, Inc., formed a joint venture to acquire Fairchild.