Bunge $38M Soybean Contract Spat Award Confirmed

Law360, New York (September 24, 2009, 4:14 PM EDT) -- A federal court has affirmed $37.5 million in foreign arbitration awards granted to Bunge Agribusiness Singapore PTE Ltd. stemming from a dispute over five allegedly breached contracts for the sale of Brazilian soybeans.

Judge Shira A. Scheindlin issued her order in the U.S. District Court for the Southern District of New York on Wednesday, saying that defendant San He Hope Full Grain Oil Foods Production Co. Ltd. failed to oppose Bunge's motion for confirmation of the awards and therefore failed to show that any of its...
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