June 26, 2019
The Fifth Circuit has ruled that Louisiana state law allows parties to seize assets while pursuing arbitration for monetary damages, a decision that follows an opinion issued last month by Louisiana's highest court resolving a contentious question on prearbitration attachments.
May 13, 2019
Louisiana state law allows creditors to seize assets while pursuing arbitration as long as the underlying claim seeks monetary damages, the state's top court has ruled, dealing a win to South Korean trading giant Daewoo in its fight with a rival creditor over a disputed iron shipment.
November 16, 2018
The Fifth Circuit has declined a bid by Posco Daewoo Corp. to rephrase a question the appeals court panel put to Louisiana's highest court, despite the Korean trading giant's arguments that the question as stated would not help determine whether it could seize an iron shipment as security for a future arbitration award.
October 23, 2018
Korean trading giant Posco Daewoo Corp. urged the Fifth Circuit to grant it an en banc rehearing to change a question the appeals court panel put to the Louisiana Supreme Court, saying the question as stated would not determine whether it could seize an iron shipment as security for a future arbitration award.
October 18, 2018
A Fifth Circuit panel has asked the Louisiana Supreme Court to rule on whether a state law allowed Korean shipper Daewoo International Corp. to seize a contested iron shipment as it looked to compel America Metals Trading LLP into arbitration.
July 26, 2018
POSCO Daewoo Corp. urged the entire Fifth Circuit on Wednesday to reconsider whether it can seize an iron shipment as security before arbitrating a contract dispute with an English shipper, saying an earlier panel ruling answering that question in the negative "undermines arbitration throughout the U.S."
July 11, 2018
The Fifth Circuit on Wednesday reversed its decision from last year allowing Daewoo International Corp. to seize an iron shipment before arbitrating a contract dispute with an English shipper, concluding by majority that the South Korean trading company had failed to meet certain procedural requirements.
November 29, 2017
ThyssenKrupp Mannex GmbH has reiterated its bid for the entire Fifth Circuit to revisit its decision allowing Daewoo International Corp. to seize an iron shipment before arbitrating a contract dispute with an English shipper, saying Daewoo's argument against its rehearing petition is "replete with errors."
November 14, 2017
Daewoo International Corp. urged the Fifth Circuit on Monday to stand by its decision allowing the South Korean trading company to seize a pig iron shipment before kicking off arbitration with an English supplier, saying ThyssenKrupp Mannex GmbH's rehearing request raises "wild accusations" instead of challenging the panel's well-grounded legal findings.
September 18, 2017
ThyssenKrupp Mannex GmbH asked the Fifth Circuit on Friday to revisit its decision allowing Daewoo International Corp. to seize a pig iron shipment before kicking off arbitration with an English shipper, saying the panel improperly failed to hear TKM's position on a crucial point.