From our private database of 14,100+ case briefs...
Optopics Laboratories Corporation v. Savannah Bank of Nigeria, Limited
United States District Court for the Southern District of New York
816 F. Supp. 898 (1993)
Ashford Laboratories, Inc. (Ashford) shipped medication to Mabson Pharmaceuticals, a Nigerian importer. A letter of credit for payment for the medication was established in Ashford’s favor issued by Savannah Bank of Nigeria, Ltd. (Savannah) (defendant). The letter of credit was to be paid in New York in United States dollars (USD). For Savannah to make payment in USD, it had to receive a foreign exchange of USD for the Nigerian currency from the Central Bank of Nigeria. After the letter of credit was issued, the Nigerian government implemented a policy that had the effect of requiring Ashford to file a claim in order to receive payment under the letter of credit. Because Ashford did not file the required claim, Savannah was unable to receive an exchange of currency and did not make payment as required by the letter. Optopics Laboratories Corporation (Optopics) (plaintiff), the assignee of Ashford, sued Savannah for payment in the United States District Court for the Southern District of New York. Savannah moved for summary judgment, arguing that the act-of-state doctrine prevented a United States court from interfering with the currency-exchange policies of a foreign nation. Optopics also filed a motion for summary judgment.
Rule of Law
Holding and Reasoning (Sand, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 223,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,100 briefs, keyed to 189 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.