NY Judge Confirms Investment Co.'s $24.5M Arbitration Award

By Emma Whitford (August 26, 2020, 3:03 PM EDT) -- A New York federal court on Tuesday enforced a $24.5 million arbitral award in favor of Hong Kong investment company Super Perfect Investments Ltd., after Tajikistan bank Agroinvestbank Open Joint Stock Co. missed its deadline to file an opposition.

The underlying award, based on botched cotton contracts, is enforceable under the New York Convention and Section 9 of the Federal Arbitration Act, U.S. District Judge Jesse M. Furman said.

"Respondent's opposition was due no later than August 17, 2020," Judge Furman wrote in a three-page order dated Tuesday. "To date, respondent has neither responded to the petition nor otherwise sought relief...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies

Judge Analytics

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!