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A former VP of Banco Industrial de Venezuela in Miami can sue the bank under Florida's indemnification statute even though the bank is headquartered in Caracas. Some lawyers worry that the ruling, the first time a Florida appellate court has considered whether foreign companies, including out-of-state U.S. corporations, are subject to the statute, means companies will have to comply with different requirements in every state.
April 18, 2003 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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