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LASIDI v. AVENIDA

73 N.Y.2d 947 (1989)

Lasidi, S. A., et al., Respondents, v. Financiera Avenida, S. A., Appellant, et al., Defendants.

Court of Appeals of the State of New York.

Decided March 28, 1989.

Attorney(s) appearing for the Case

Richard E. Carlton, Michael Straus, Patricia A. Connell and Karen A. Popp for appellant.

Michael H. Diamond, Samuel Kadet and James W. Kennedy for respondents.

Chief Judge WACHTLER and Judges SIMONS, KAYE, TITONE, HANCOCK, JR., and BELLACOSA concur; Judge ALEXANDER taking no part.

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...

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