RICH INTERNATIONAL GROUP CORP. v. SOLEIL CAPITALE CORPORATION

2902, 652263/14.

147 A.D.3d 493 (2017)

46 N.Y.S.3d 779

2017 NY Slip Op 01150

RICH INTERNATIONAL GROUP CORP., Respondent, v. SOLEIL CAPITALE CORPORATION, Appellant.

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

Decided February 14, 2017.


Order, Supreme Court, New York County (Barry R. Ostrager, J.), entered August 23, 2016, which denied defendant's motion for summary judgment, unanimously affirmed, without costs.

Defendant failed to establish as a matter of law that it issued the agreed-upon letter of credit in the amount of $25 million on which plaintiff could successfully draw, for which plaintiff agreed to pay a fee of $1.25 million. Plaintiff's acknowledgment that defendant issued a document denominated...

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