GE Unit Seeks Enforcement Of $3M Award Over Contract

Law360, New York (December 8, 2009, 12:45 PM EST) -- An Italian division of GE Oil & Gas has asked a federal judge to confirm and enforce a $3 million arbitration award granted to the company in a contract dispute over the sale of generator equipment to a Turkish energy company.

GE Oil & Gas Pignone Nuovo SpA filed the petition against Turkey's Altek Alarko Elektrik Santralleri Tesis Isletme Ve Ticaret AS on Monday in the U.S. District Court for the District of Connecticut, seeking the enforcement of four arbitral awards entered between 2006 and 2008....
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