Wind Energy Co. Urges 5th Circ. To Affirm $70M Award
Law360 (April 18, 2019, 10:51 PM EDT) -- Renewable energy company Soaring Wind Energy LLC and China-focused investor Tang Energy Group Ltd. asked the Fifth Circuit on Wednesday to uphold the confirmation of their $70 million arbitral award over a soured joint venture, saying the lower court had the power to decide the action.
U.S. District Judge Ed Kinkeade had authority over the suit seeking to confirm a 2015 arbitral award against AVIC International USA Inc. — an American unit of the company operating China’s state-run aviation industry — stemming from the joint venture agreement that created Soaring Wind, the energy company and Tang asserted, citing the New York...
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