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BANCO CONTINENTAL, S.A. v. TRANSCOM BANK

No. 3D05-1014.

922 So.2d 395 (2006)

BANCO CONTINENTAL, S.A., Appellant, v. TRANSCOM BANK (BARBADOS), LTD., Appellee.

District Court of Appeal of Florida, Third District.

March 8, 2006.

Attorney(s) appearing for the Case

Fowler White Burnett and June G. Hoffman and Helaine S. Goodner, Miami, for appellant.

Concepcion & Associates and Carlos F. Concepcion, Coral Gables, and Elio F. Martinez, Jr., for appellee.

Before CORTIÑAS and ROTHENBERG, JJ., and SCHWARTZ, Senior Judge.

CORTIÑAS, Judge.

The defendant, Banco Continental, S.A. ("Continental"), issued a letter of credit in the amount of $880,000 in U.S. Dollars to the plaintiff, Transcom Bank, Ltd. ("Transcom"). It is undisputed that Continental is a Honduran corporation with its principal office in San Pedro Sula, Honduras and approximately twenty (20) additional offices, all of which are in Honduras. Transcom is a bank organized under...

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