11th Circ. OKs Awards In Imax Fight With Panamanian Co.

Law360 (May 28, 2020, 6:00 PM EDT) -- The Eleventh Circuit on Thursday affirmed a pair of arbitral awards issued to a Panamanian media company in a dispute stemming from a soured deal to roll out Imax theaters in Latin America, rejecting the Canadian large-format film company's argument the tribunal had exceeded its powers.

In a brief five-page order, the circuit court found that a magistrate judge was right to conclude the arbitral tribunal had properly assumed jurisdiction over a dispute relating to whether the parties had agreed on a settlement in the weeks before a hearing in the arbitration. The disagreement between the parties arose over an allegedly...

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