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CARGILL SOLUCIONES EMPRESARIALES, S.A. DE C.V. v. DESARROLLADORA FARALLON S. DE R.L. DE C.V.

2377, 651607/14.

146 A.D.3d 439 (2017)

2017 NY Slip Op 00069

46 N.Y.S.3d 12

CARGILL SOLUCIONES EMPRESARIALES, S.A. DE C.V., SOFOM, ENR, Respondent, v. DESARROLLADORA FARALLON S. DE R.L. DE C.V. et al., Appellants.

Appellate Division of the Supreme Court of New York, First Department.

Decided January 5, 2017.

In 2001, the Diaz Rivera family founded Farallon to manage property it owned in Cabo San Lucas, Mexico. In 2006, Farallon and Cargill Financial Services International, Inc. (Cargill Financial) entered into a business venture to develop the property. In May 2006, Farallon and Mexvalo, S. de R.L. de C.V. (Mexvalo), a company formed by Cargill Financial to manage its interests in the property, together with Farallon/HVi Development...

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