In October 2022, the Eleventh Circuit Court of Appeals granted a petition to rehear the case of Corporacion AIC, SA v. Hidroelectrica Santa Rita S.A. en banc to determine whether enforcement challenges of nondomestic...more
On July 8, the Second Circuit affirmed a refusal to enforce a $1.8 billion arbitration award (now worth approximately $2.7 billion with interest) annulled by a Nigerian court in Esso v. Nigerian National Petroleum Company. In...more
On January 6, Singapore took the next step in effectuating an international enforcement regime for mediated settlement agreements by introducing legislation to become the first nation to ratify the Singapore Convention....more
1/15/2020
/ Arbitration ,
Arbitration Awards ,
Business Litigation ,
Enforcement Authority ,
International Arbitration ,
International Litigation ,
International Mediation ,
New York Convention ,
Settlement Agreements ,
Singapore ,
Singapore Convention ,
UNCITRAL
Over the years, and following the general elections in 2019, the partnership between the United States and India has gone from strength to strength. U.S.-India bilateral trade surged to more than $142 billion in 2018, up 12.7...more
9/9/2019
/ Arbitration ,
Arbitration Awards ,
Business Development ,
Chain of Distribution ,
Cross-Border Transactions ,
Debt Market ,
Defense Sector ,
Doing Business ,
Foreign Direct Investment ,
Foreign Investment ,
Foreign Relations ,
India ,
International Arbitration ,
Manufacturers ,
Regulatory Agenda ,
Strategic Partnerships
A closely followed New York trial court decision in favor of the “manifest disregard” standard for vacating arbitral awards was recently reversed by the New York Supreme Court Appellate Division in In re Daesang Corp. v. The...more