Legal Opinion

Lasidi, S. A. v. Financiera Avenida, S. A.

New York Court of Appeals

Decided March 28, 1989PublishedCited by 5 opinions

1Opinion of the Court

OPINION OF THE COURT

Memorandum.

The judgment appealed from and the April 7, 1987 order of the Appellate Division brought up for review should be affirmed, with costs.

Plaintiffs, who operate an investment management business in Switzerland, were retained by Abdullah Darwish Ahmed (Darwish) and Riaz Saleem Aslam (Aslam), two officials of the Department of Personal Affairs (DPA) of the United Arab Emirates, to manage certain overseas investments made with funds belonging to His Highness Shaikh Zayed bin Sultan al Nahayan, the Absolute Ruler of Abu Dhabi. The DP A was *949created by the Shaikh to…

2Cases cited3 opinions

  1. National City Bank of NY v. Republic of ChinaSupreme Court of the United States · 1955
  2. Reynolds Securities, Inc. v. Underwriters Bank & Trust Co.New York Court of Appeals · 1978
  3. Aboujdid v. Singapore Airlines, Ltd.New York Court of Appeals · 1986

3Cited by5 opinions

  1. Siegmund Strauss, Inc. v. East 149th Realty Corp.New York Court of Appeals · 2012
  2. Great Socialist People's Libyan Arab Jamahiriya v. MiskiDistrict Court, District of Columbia · 2010
  3. Stewart Tenants Corp. v. Square Industries, Inc.Appellate Division of the Supreme Court of the State of New York · 2000
  4. Great Socialist People's Libyan Arab Jamahiriya v. MiskiDistrict Court, District of Columbia · 2010
  5. Lamanna v. Wing Yuen Realty, Inc.Appellate Division of the Supreme Court of the State of New York · 1998

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