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ZEUDA CORP. v. GRANCOLOMBIANA CORP. FINANCIERA, S.A.

Nos. 92-1647, 92-1704.

610 So.2d 509 (1992)

ZEUDA CORPORATION, Zig Zag Corporation and Right Investments Corporation, Panamanian corporations, Appellants/Cross-Appellees, v. GRANCOLOMBIANA CORPORATION FINANCIERA, S.A., a foreign corporation, Shearson Lehman Brothers, Inc. and Francisco Ferran, Appellees/Cross-Appellants.

District Court of Appeal of Florida, Third District.

Rehearing Denied February 2, 1993.

Attorney(s) appearing for the Case

Podhurst, Orseck, Josefsberg, Eaton, Meadow, Olin & Perwin and Joel S. Perwin and Victor M. Diaz, Jr., Miami, for appellants/cross-appellees.

Boose Casey Ciklin Lubitz Martens McBane & O'Connell and Richard L. Martens and John D. Boykin and J. Kory Parkhurst, West Palm Beach, for appellees/cross-appellants Shearson Lehman Brothers, Inc. and Francisco Ferran, Ezell, Menendez, Patterson & Claussen, Lawrence & Daniels and Adam H. Lawrence, Miami, for appellee/cross-appellant Grancolombiana Corporation Financiera, S.A.

Before HUBBART, FERGUSON and GODERICH, JJ.

PER CURIAM.

Two important questions are presented in these appeals from orders of the court which award attorney's fees out of an unconfirmed arbitration award and place the balance of the award into the court registry. We reverse the award of attorney's fees as premature, and affirm the impoundment of the fund as a reasonable exercise of the court's discretion in proceedings supplementary.

An arbitration panel awarded $2.3 million to the three appellant Panamanian...

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