Second Circuit Affirms Confirmation of ICC Decision Based on UAE Law

The Second Circuit Court of Appeals recently affirmed a decision confirming a decision by the International Chamber of Commerce (ICC) that applied the law of the United Arab Emirates (UAE).

Cessna Finance Corp. leased several private jets to startup Prestige Jet Rental. Ghaith Al Ghaith, Prestige’s chairman, who was also the deputy chairman of Al Ghaith Holding Co. PJSC (AGHC), guaranteed the lease agreements in his capacity as deputy chairman of AGHC. When Prestige defaulted, Cessna initiated arbitration in the ICC pursuant to the lease agreements against AGHC……

Read the complete story here.

Featured Arbitrators

ad
View all

Read these next

Category

Arbitration Tips-N-Tools (TNT): Round 15

In this round of Arbitration Tips-N-Tools, Professor Amy Schmitz asks some of the leading arbitration practitioners about growth in arbitration in the pandemic, especially in a digital world and faced...

By Marsha Ternus, Deborah Hylton, Michael Pitton, Amy Schmitz
Category

Championing Diversity in Arbitration: An Interview with Dr. Katherine Simpson

Dr. Katherine Simpson, an arbitrator with a focus on international disputes, possesses a unique blend of expertise with her work extending beyond the arbitration room. She is also an educator,...

By Katherine Simpson, Damini Mohan
Category

UNCITRAL Working Group III To Consider the Draft Arbitrator Code of Conduct

This week, UNCITRAL Working Group III will consider the Draft Arbitrator Code of Conduct.  They will be looking at proposed Article 3(2)(a), pursuant to which the obligation to remain independent and...

By Katherine Simpson

Find an Arbitrator