Legal Opinion

Banco Industrial De Venezuela C.A., Miami Agency v. De Saad

Supreme Court of Florida

Decided June 9, 2011No. SC10-21PublishedCited by 3 opinions

1Opinion of the CourtPolston, J.

Banco Industrial de Venezuela, C.A., Miami Agency, and its subsidiary, BIV Investments and Management, Inc. (collectively referred to as “BIV”), seek review of the decision of the Third District Court of Appeal in Banco Industrial De Venezuela, C.A., Miami Agency v. de Saad, 21 So.3d 46 (Fla. 3d DCA 2009). 1 For the reasons expressed below, we quash the Third District’s decision.

I. BACKGROUND

The following facts are set forth in the Third District’s decision:

De Saad is the former vice-president and general manager of Banco [Industrial de Venezuelaj’s Miami agency, BIV. As part of an undercover…

2Cases cited4 opinions

  1. Davis & Cox, a Partnership, Plaintiff-Appellee/cross-Appellant v. Summa Corporation, Defendant-Appellant/cross-Appellee. Chester C. Davis, Plaintiff-Appellee/cross-Appellant v. Summa Corporation, Defendant-Appellant/cross-Appellee. Summa Corporation, Defendant-Counterclaimant/appellant v. Davis & Cox, a Partnership, Chester C. Davis, Maxwell E. Cox, Howard M. Jaffe and Martin Cook, Plaintiffs-Counterdefendants/appellees. Summa Corporation, Hughes Aircraft Corporation, Defendants- Counterclaimants/appellants v. Chester C. Davis, Davis & Cox, Maxwell E. Cox, Howard M. Jaffe and D. Martin Cook, Counterdefendants/appelleesCourt of Appeals for the Ninth Circuit · 1985
  2. Shere v. StateSupreme Court of Florida · 1999
  3. Chatlos Foundation, Inc. v. D'ArataDistrict Court of Appeal of Florida · 2004
  4. Banco Industrial De Venezuela, C.A. v. De SaadDistrict Court of Appeal of Florida · 2009

3Cited by3 opinions

  1. BRENT BLAKE v. AMERICAN SALES AND MANAGEMENT ORGANIZATION, LLC, etc.District Court of Appeal of Florida · 2022
  2. Roundpoint Mortg. Co. v. FlorezNorth Carolina Business Court · 2016
  3. Tribeca Asset Management, Inc. v. Ancla International, S.A.Supreme Court of Florida · 2022

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