Want access to unlimited case records and advanced research tools? Create your free CasePortal account now. No credit card required to register.
Try CasePortal for FreeJ. Cote finds the city of Hamilton, Bermuda liable for breach of an escrow agreement with the Mexican financier of a Bermudan construction project, for which New York Mellon served as the escrow agent and is not liable. The project failed when a nonparty misappropriated funds from the financier's bridge loan and absconded. The city's authorization of the disbursement of funds before the final drawdown was finalized breached its obligations to the financier.
To read this case, start your 14-day free trial.
Request a free trial account to get access to more case data, documents, and features.
To provide the best experiences, we and our partners use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us and our partners to process personal data such as browsing behavior or unique IDs on this site and show (non-) personalized ads. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Click below to consent to the above or make granular choices. Your choices will be applied to this site only. You can change your settings at any time, including withdrawing your consent, by using the toggles on the Cookie Policy, or by clicking on the manage consent button at the bottom of the screen.