A lesson in a reversed and remanded case decided by Florida’s Third District Court of Appeal: Consider the limits when seeking damages in contractual disputes.

The case stems from a Norwegian oil executive, Alf Aanonsen, who entered into a contract through a Liberian entity known as KLP Holdings Inc. (Liberia) with Michael Suarez, the trustee of the Mas Family Trust, to purchase all of the trust’s interest in an oil trading business known as KLP Industries LLP (Florida).

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