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VAREKA INVESTMENTS, N.V. v. AM. INV. PROP., INC.

No. 82-5722.

724 F.2d 907 (1984)

VAREKA INVESTMENTS, N.V., a Netherlands Antilles Corp., Plaintiff-Appellee, v. AMERICAN INVESTMENT PROPERTIES, INC., a Florida Corp., Defendant-Appellant.

United States Court of Appeals, Eleventh Circuit.

Rehearing Denied March 21, 1984.

Attorney(s) appearing for the Case

Lawrence H. Rogovin, North Miami Beach, Fla., for defendant-appellant.

Steel, Hector & Davis, Vance E. Salter, Miami, Fla., for plaintiff-appellee.

Before RONEY, HATCHETT and ANDERSON, Circuit Judges.

HATCHETT, Circuit Judge:

In this diversity case, we review the district court's award of damages to a lessor resulting from a commercial lease transaction and the termination of the lease. We affirm.

FACTS

Vareka Investments, N.V. (Vareka) was incorporated under the laws of the Netherlands Antilles on October 20, 1978, to serve as a passive investment vehicle. With the exception of a shareholder who is a citizen of Italy residing in Montreal, Canada...

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