11th Circ.'s OK Of $29M Award Confirms Outlier Status
Law360 (April 25, 2019, 9:05 PM EDT) -- The Eleventh Circuit this week stood by its controversial approach to only vacate international arbitral awards issued in the U.S. using international standards, one that is unique among U.S. circuit courts and, some argue, makes enforcing such awards more straightforward.
In its Tuesday ruling confirming a $29 million arbitral award, the panel concluded its previous precedent was not overridden by the U.S. Supreme Court in a subsequent decision in BG Group PLC v. Republic of Argentina. That means that litigants cannot use standards contained in U.S. federal arbitration law to vacate an award like the one in this case, which was...
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