District Court, S.D. New York October 31, 1997, 95 CIV. 8165(RJW) (Banco De La Provincia De Buenos Aires v. Baybank Boston N.A.)

OPINION

ROBERT J. WARD, District Judge.

Plaintiff Banco de la Provincia de Buenos Aires (“BPBA”), which filed this action seeking a declaratory judgment, now moves for summary judgment pursuant to Rule 56,

*366

Fed.R.Civ.P. For the reasons that follow, plaintiffs motion is granted.

BACKGROUND

BPBA is a bank incorporated under the laws of the Province of Buenos Aires, Republic of Argentina.