United States District Court for the Southern District of Florida, 18 June 2018, Grupo Unidos Por El Canal, S.A. and Sacyr, S.A. v. Autoridad del Canal de Panama, no. 17-23996-Civ-Scola

Claimants, Grupo Unidos Por El Canal, S.A. (“GUPC”) and Sacyr, S.A. initiated an action requesting that the Court annul a final arbitral award. The underlying dispute arose in connection with a construction project in the Panama Canal. GUPC is the contractor, and Sacyr is one of GUPC’s shareholders. The dispute involved significant time delays and [...]

Court of appeal of the state of California, 1 June 2018, Rockefeller Technology Investment (Rockefeller Tech.) v. Changhzou Sinotype Technology Co., Ltd. (SinoType), no. B272170

SinoType (“Appellant”) was ordered to pay $ 414 million to Rockefeller Tech following arbitration proceedings in which the company did not participate. The Superior Court of Los Angeles City, in a default procedure initiated by Rockefeller Tech, recognized the award. SinoType was notified about the procedure and the decision by post, as provided for in the [...]

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