Chinese Arbitration Award Confirmed Despite US Company’s Claim of Unfair Treatment Stemming…

Aug 2021

The Northern District of New York confirmed this month an arbitration award made in June 2018 by the China International Economic and Trade Arbitration Commission (CIETAC) in favor of two Chinese companies and against a U.S. tool manufacturer. The Chinese companies had contracted to purchase and import machine tools used in the manufacture of automobile engines and other machine parts from New Monarch Machine Tool Inc., a company based in Cortland, New York. New Monarch allegedly defaulted on its delivery and installation obligations under the parties’ sales contracts, which required arbitration of any disputes to take place in Beijing before CIETAC…

Read the complete story here.

Read these next

Category

Arbitration Conversation No. 41: George Friedman, Editor-in-Chief of Securities Arbitration Alert

In this episode of the Arbitration Conversation Amy interviews George H. Friedman, publisher and Editor-in-Chief of the Securities Arbitration Alert and principal of George H. Friedman Consulting, LLC, providing expert...

By George Friedman, Amy Schmitz
Category

AAA Stats, 1st Qtr. 2021: Consumer & Employment Case Information Updates

This article first appeared in the Securities Arbitration Alert Blog, here. AAA Award Data is updated quarterly by the American Arbitration Association. This analysis of the latest update is provided...

By George Friedman
Category

Arbitration Conversation No. 23: Dr. Nudrat Piracha, Member of the ICSID Ad Hoc Committee

In this episode of the Arbitration Conversation Amy (and Colin) interview Dr. Nudrat Piracha, member of the ICSID Ad Hoc Committee, Partner at the firm Samdani & Qureshi, and Senior...

By Dr. Nudrat E. Piracha, Amy Schmitz

Find an Arbitrator