Daewoo Urges 5th Circ. Not To Rethink Seizure Ruling

Law360, New York (November 14, 2017, 9:55 PM EST) -- 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.

The Korean company threw its support behind a three-judge panel’s Sept. 1 decision leaving in place Daewoo’s attachment order over a pig iron shipment owned by America Metals Trading LLP as security for a future...
To view the full article, register now.