J. Zeevi and Sons, Ltd., Doing Business as J. Zeevi and Sons v. Grindlays Bank (Uganda) Limited

Summary

The New York Court of Appeals affirmed the lower courts' summary judgment on the first cause of action, holding that New York courts have jurisdiction, that New York law governs, that the bank’s anticipatory repudiation of an irrevocable letter of credit constitutes breach, and that neither the act of state doctrine nor the Bretton Woods Agreement bars enforcement.