MULTICREDIT, INC. v. ECOBAN CAPITAL LTD.

No. 89-1055.

555 So.2d 1249 (1989)

MULTICREDIT, INC., a Florida Corporation; Roberto Cobar, Individually, and Republic National Bank of Miami, N.A., Appellants, v. ECOBAN CAPITAL LIMITED, a Canadian Limited Partnership; and Trade Finance Corporation, a Florida Corporation, Appellees.

District Court of Appeal of Florida, Third District.

Rehearing Denied February 13, 1990.


Attorney(s) appearing for the Case

Carlos F. Concepcion, Miami, for appellants.

Katz, Barron, Squitero & Faust and William C. Hearon and Beth F. Jacobi, Miami, for appellees.

Before NESBITT, LEVY and GERSTEN, JJ.


PER CURIAM.

We affirm a mandatory temporary injunction requiring the appellant to cash and place the proceeds of letters of credit into the court registry. We reject the claim that appellee failed to establish irreparable injury since seven days following entry of the injunction, the letters of credit would have expired on their own terms. We also reject the claim that Sociedad Financiera Cash, S.A. was an indispensable party because under the circumstances Sociedad...

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