Court of Appeals for the Second Circuit September 16, 1998, Docket No. 97-9228 (Capital Currency Exchange, N.V. v. National Westminster Bank PLC)

McLAUGHLIN, Circuit Judge:

BACKGROUND

Capital Currency Exchange, N.V. • (“CCE”), is a financial company organized under the laws of the Netherlands Antilles. CCE has a number of affiliates, including Chequepoint Worldcash, Inc. (“Worldcash”), a New York corporation, and Chequepoint (UK) Ltd. (“Chequepoint UK”), a British Virgin Islands company that transacts business in Great Britain.