Law360, New York (February 2, 2017, 2:47 PM EST) -- A recent decision issued by the Second Circuit clarifying the way international arbitral awards can be turned into U.S. court judgments has been hailed by arbitration experts for providing clear guidance to courts and practitioners alike and for reversing a troubling decision in an important jurisdiction.
A three-judge panel for the circuit court on Jan. 18 reversed the decision of a New York federal judge, who had tossed a suit filed by CBF Indústria de Gusa S/A, Da Terra Siderúrgica LTDA and other Brazilian companies to confirm a more than $48 million arbitral award against the alleged alter egos and successors...
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