Appellate Division of the Supreme Court of the State of New York December 21, 2004 (Bank of New York v. Nickel)

OPINION OF THE COURT

Catterson, J.

In 1991, war broke out in Yugoslavia when Slovenia and Croatia declared independence. Although the actions of the breakaway republics were reminiscent of the events of 1914 that ultimately led to the Great War, the reactions of the world’s powers were thankfully, substantially different.