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Contract: Other | New York Southern
Order
CLERK'S JUDGMENT re: 541 Memorandum & Opinion in favor of Arab Banking Corporation, Exporters Insurance Company, Ltd., National Bank of Abu Dhabi, National Bank of Oman, UBS AG against Michel Lakah, Ramy Lakah. It is hereby ORDERED, ADJUDGED AND DECREED: That for the reasons stated in the Court's Opinion and Order dated October 22, 2024, and under the strong presumption in favor of enforcing an arbitration award, Petitioner's First Petition (dkt. no. 505) is DENIED, Respondent's Cross-Motion confirming the November 2018 award (dkt. no. 519) is GRANTED, and Petitioner's Second Petition (dkt. no. 525) is DENIED. (Signed by Judge Loretta A. Preska on 10/23/2024) (Attachments: # 1 Appeal Package) (tp)
OPINION AND ORDER re: 505 MOTION to Vacate Arbitration Notice of Motion to Vacate Arbitration Award. filed by Michel Lakah, 525 MOTION to Vacate Arbitration Motion to Vacate Arbitration Award Terminating Arbitration and Dism issing Petitioner's Counterclaim. filed by Michel Lakah. For the foregoing reasons and under the strong presumption in favor of enforcing an arbitration award, Petitioner's First Petition (dkt. no. 505) is DENIED, Respondent's Cr oss-Motion confirming the November 2018 award (dkt. no. 519) is GRANTED, and Petitioner's Second Petition (dkt. no. 525) is DENIED. SO ORDERED. (Signed by Judge Loretta A. Preska on 10/22/2024) (tg) Transmission to Orders and Judgments Clerk for processing.
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