Brett-Andrew Nelson filed a petition to confirm an arbitration award issued by the Sitcomm Arbitration Association. The award purported to award Nelson $500,000 from each of the four defendants based on their breach of an unspecified “contractual agreement.” Nelson claimed the district court had subject matter jurisdiction to confirm the award based solely on 9 U.S.C. § 9. The district court dismissed the petition with prejudice, finding no evidence of a valid contract between the parties…
Read the complete story here.
This article first appeared on the Securities Arbitration Alert Blog, here. FINRA Dispute Resolution Services (“DRS”) has posted case statistics through June, with most trends persisting. We offer these headlines:...By George Friedman
In this episode of the Arbitration Conversation, Amy interviews Fernando Sanquírico Pittevil, a partner at Lega Abogados in Venezuela. Fernando is a professor of civil law in Universidad Central de...By Fernando Sanquírico Pittevil, Amy Schmitz
This article first appeared on Urbas Arbitral, here. In Parc-IX Limited v. The Manufacturer’s Life Insurance Company, 2021 ONSC 1252, Mr. Justice Markus Koehnen distinguished between an objection to jurisdiction and...By Daniel Urbas