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Satellite Operator Blasts 'Baseless' Challenge To $1M Award

Law360 (June 19, 2018, 4:45 PM EDT) -- A Bermuda-based satellite operator urged a New York federal judge Monday to confirm a $1 million arbitral award stemming from a soured transaction, accusing a Korean satellite communications provider of doing everything in its power to get out of paying up.

ABS Global Ltd. and ABS Holdings Ltd., collectively referred to as ABS, seek confirmation of a final award issued in March after an International Chamber of Commerce tribunal found that KT Corp. and its subsidiary KTSAT Corp. breached a contract to sell a satellite to...
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Case Title

KT Corporation et al v. ABS Holdings, Ltd. et al


Case Number

1:17-cv-07859

Court

New York Southern

Nature of Suit

Other Statutes: Arbitration

Judge

Lorna G. Schofield

Date Filed

October 12, 2017

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