IBS Can Compel Arbitration In Mexico Plane Hangar Dispute

Law360, New York (November 21, 2013, 7:06 PM EST) -- A Texas appeals court reversed a ruling that IBS Asset Liquidations LLC could not compel Servicios Multiples Del Norte SA de CV to arbitrate in a dispute over a contract to install airplane hangars in Mexico, saying Wednesday that Servicios did not show it would suffer prejudice.

In a 2-1 majority opinion, Texas' Fourth Court of Appeals said that although IBS may have waived its right to arbitration by litigating a dispute over the hangars for 2 1/2 years, Servicios did not show it would suffer...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.