New York Supreme Court September 10, 1996 (IBJ Schroder Bank & Trust Co. v. Bank for Foreign Economic Affairs of the USSR)

OPINION OF THE COURT

David B. Saxe, J.

The question posed here is whether this court has jurisdiction over a banking organ of the new Russian Federation to enforce that entity’s payment obligation to a United States corporation.

In June 1987, plaintiff, a New York company, became the assignee of all the rights of Primary International Inc.