District Court Refuses to Vacate Award Annulled at The Seat of Arbitration Because It Would Offend Basic Standards of…

In 2005, Compañía de Inversiones Mercantiles S.A. (“CIMSA”), Grupo Cementos de Chihuahua, S.A.B. de C.V. (“GCC S.A.B.”) and GCC Latinoamérica, S.A. de C.V. (“GCC Latinoamérica,” and collectively “GCC”) executed a shareholder’s agreement under which they each obtained a right of first refusal of shares in a mutually held Bolivian cement company. In late 2009, GCC communicated its intention to sell its shares in the cement company. After lengthy negotiations regarding CIMSA’s purchase of GCC’s shares, GCC claimed that CIMSA’s attempts to exercise its right of first refusal were invalid, and sold its shares to a Peruvian company instead…

Read the complete story here.

Featured Arbitrators

ad
View all

Read these next

Category

In the Crosshairs: U.S. Congress Again Takes Aim at Arbitration Agreements in Employment Context

In the U.S. Congress’ latest proposal to strike against arbitration, Judiciary Committee Chairman Jerrold Nadler and Labor Committee Chairman Robert C. “Bobby” Scott introduced the Restoring Justice for Workers Act.  The...

By John Schaffer, Marla Presley
Category

Ensuring Procedural Fairness: A Case Study of Toronto Metropolitan Faculty Association v. Toronto Metropolitan University

The principles of independence and impartiality are fundamental to procedural fairness in workplace investigations. The arbitration decision in Toronto Metropolitan Faculty Association v. Toronto Metropolitan University (2024 CanLII 109523) underscores...

By Aaron Sidhu, Jessie Sidhu
Category

Are We Seeing the Start of a Tectonic Shift on Mandatory PDAAs in the Financial Services Field?

This article first appeared on Securities Arbitration Alert (SAA), here. This is less a letter from the editor and more your editor’s musings, but I wonder whether we are seeing...

By George Friedman

Find an Arbitrator