REPUBLIC OF ECUADOR v. DASSUM

No. 3D13-1753.

146 So.3d 58 (2014)

The REPUBLIC OF ECUADOR, Appellant, v. Roberto Isaias DASSUM and William Isaias Dassum, Appellees.

District Court of Appeal of Florida, Third District.

Rehearing Denied September 16, 2014.


Attorney(s) appearing for the Case

Squire Sanders and Alvin B. Davis and Digna B. French and Rafael Langer-Osuna , Miami, for appellant.

Lewis Tein; Kula & Samson, and Elliot Kula , Miami, for appellees.

Before WELLS, ROTHENBERG and SALTER, JJ.


SALTER, J.

The Republic of Ecuador (Republic) appeals a final summary judgment in favor of two former bankers from Ecuador now living in Miami, brothers Roberto Isaias and William Isaias. The legal issue is whether the extraterritoriality exception to the act of state doctrine bars the Republic's claims in Florida to recover some $200 million in alleged damages following the failure of Ecuador's (formerly) largest bank, Filanbanco.

We reverse and remand, concluding...

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