January 08, 2025
The new owners of reorganized international shipping group Eletson Holdings are continuing their battle with the company's former owners and their counsel at Reed Smith in litigation over a $102 million arbitral award, alleging the BigLaw firm's "obstructionist conduct" is "causing chaos."
September 05, 2024
Liberian entities fighting to enforce a $102 million arbitral award issued in a dispute over control of a $700 million liquefied petroleum gas shipping joint venture have criticized the award debtor's "flimsy attack" on the arbitrator's impartiality in a filing to a New York federal judge.
June 13, 2024
A New York federal judge will let an arbitrator who found that Levona Holdings Ltd. owed Eletson Holdings Inc. almost $87 million in damages clarify the order, saying it was sufficiently ambiguous to require elaboration and rejecting Levona's request that the arbitrator not be given that chance.
September 14, 2023
A complicated dispute over a corporate coup perpetrated by the Canadian investment firm Murchinson Ltd. involving a $700 million liquefied petroleum gas shipping joint venture that owns the world's second-largest fleet of LPG carriers has ended with an $86.9 million arbitral award in favor of two Liberian entities.