AIG Again Denied Appeal Over Award In Hong Kong
By Christopher Crosby ( November 3, 2017, 3:27 PM EDT) -- Hong Kong's Court of Final Appeal on Friday dismissed AIG Inc.'s bid to challenge to an arbitral award canceling the insurer's rights to a $475 million deposit on an aircraft leasing unit following a botched sales agreement, finding that the insurer's constitutional challenge to a law barring its efforts to set aside the decision have fallen flat....
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