Mashreqbank PSC, Appellant,v.Ahmed Hamad A1 Gosaibi & Brothers Company, Respondent.---------------------------------Ahmed Hamad Al Gosaibi & Brothers Company, Third-Party Respondent, v. Maan Abdul Waheed Al Sanea, Third-Party Appellant, Awal Bank BSC, Third-Party Defendant.
454 U.S. 235 (1981) Cited 4,732 times 11 Legal Analyses
Holding that potential change in law cannot, by itself, fend off dismissal under forum non conveniens absent showing that new law is "clearly inadequate or unsatisfactory"
Noting the "fundamental principle that ... the acts of agents, ... while acting within the scope of their authority are presumptively imputed to their principals"
Finding that India has a "keen() interest() in governing the affairs of its financial institutions to insure uniformity and consistency in the processing of financial transactions and in the interpretation of . . . banking statutes and laws"
In Silver v. Great American Insurance Co., 29 N.Y.2d 356, 328 N.Y.S.2d 398, 278 N.E.2d 619 (1972), the New York Court of Appeals relaxed its previous strict requirement prohibiting the doctrine of forum non conveniens from being invoked if one of the parties was a resident of that state.