2nd Circ. Case's Relevance Disputed In $1.4B Award Fight

By Caroline Simson (May 24, 2022, 7:30 PM EDT) -- Luxembourg-based steelmaker ArcelorMittal on Monday rebutted arguments by Essar Group that a recent Second Circuit decision sending a dispute over a canceled $1.1 billion power plant project to Angola supports the Indian conglomerate's bid to toss litigation filed by the steelmaker to enforce a $1.4 billion arbitral award.

ArcelorMittal North America Holdings LLC told the court that the circuit court's recent opinion in a case involving Angola and energy company Aenergy SA is based on a different fact pattern than the case here, in which the steelmaker is asking the U.S. District Court for the Southern District of New York to unwind...

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