September 07, 2018
A New York federal judge on Friday upheld an arbitral award dismissing a Brazilian banking and financial services company's $50 million policy claim against two U.S. insurers, agreeing with the arbitration panel's determination that the bank had made misrepresentations in its insurance application that voided the policy.
February 14, 2018
Two U.S. insurers have urged a New York federal court to uphold an arbitral award dismissing a Brazilian banking and financial services company's $50 million policy claim against them, arguing that the bank's bid to recoup its losses ignores the great deference courts give to foreign arbitration.
January 16, 2018
A Brazilian banking and financial services company asked a New York federal court to vacate an arbitral award dismissing its $50 million claim against two U.S. insurers for certain misrepresentations in its credit insurance application, saying the tribunal manifestly disregarded the law.