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- Second Circuit Unanimously Affirms Confirmation of Favorable Arbitration Award
Second Circuit Unanimously Affirms Confirmation of Favorable Arbitration Award
Carter Ledyard obtained a unanimous decision of the United States Court of Appeals for the Second Circuit affirming a federal court judgment confirming an arbitration award of more than $12 million for our client Oakley Fertilizer, Inc., a U.S.-based international commodity trading company. The Second Circuit upheld the judgment confirming an arbitration award issued by the AAA’s International Centre for Dispute Resolution relating to transactions with an Egyptian commodity trading company involving bulk commodity products (sourced primarily from Egypt, Russia, and Ukraine). The Egyptian trading company previously contested the arbitrability of the dispute, but our client prevailed in federal court on the arbitrability issue and then prevailed in the arbitration on the merits. When Oakley sought to confirm the arbitration award, the Egyptian trading company argued that the arbitration was improper and that the court should not confirm the award. The court ruled in our favor, holding that the law of the case doctrine precluded the court from revisiting the prior decision compelling arbitration and issued the judgment for more than $12 million. When the Egyptian trading company appealed, the Second Circuit unanimously affirmed the lower court ruling upholding the arbitration award.
Jack was honored with the Chairman's Award, in recognition of his "tireless efforts and unending dedication to the foundation."
Mr. McCarthy has joined the firm as a partner in the Litigation Department, bringing with him years of experience in international litigation and arbitration.
Our 2017 Year in Review highlights the cutting-edge work of our clients, both foreign and domestic, and some of the ways we helped them succeed.
Over breakfast at the midtown office, more than 30 members of the private equity community gathered to create a deal flow for all concerned.
Val Vasi discussed aint-money laundering (AML) guidelines in the art world and AML regulations in the financial services industry
Carter Ledyard client Lisa Schwarz, developer of the Comprehensive Resource Model trauma treatment model, prevailed on her motion for contempt against Dr. David Grand in proceedings in the Federal District Court for the…
Together with Her Justice, Carter Ledyard attorneys were successful in guiding pro bono clients apply for their U-Visa, obtain deferred and final approval of legal status, and receive employment authorization.