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Daewoo Can Seize Property For Future Arbitration: 5th Circ.

Law360, New York (September 7, 2017, 2:57 PM EDT) -- The Fifth Circuit has revived an order allowing Daewoo International Corp. to seize a pig iron shipment as it looked to arbitrate a dispute with an English shipper over a broken sales contract, concluding in a published opinion that Louisiana law allows Daewoo to obtain the order even though its suit did not directly seek a money judgment.

Daewoo had secured the attachment order in question over a pig iron shipment owned by America Metals Trading LLP as security for a future arbitration award, since it had at the same time sued AMT to force arbitration under a clause in their...

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Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Appellate - 5th Circuit

Nature of Suit

3120 Marine

Date Filed

September 2, 2016

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