03Sep
SDNY Finds Insurer, As Subrogee, Lacked Authority to Enforce Arbitration Clause in Fuel Delivery Contract
The Southern District of New York declared that plaintiff Monjasa A/S was not bound by an arbitration agreement to which neither it nor the defendant was a party. The case stems from a fuel delivery contract between two non-parties, Monjasa Lda and Angola de Navegacao Lda (ANNA). The contract called for Monjasa Lda to supply fuel to a ship known as the BBC Scotland. Monjasa Lda and the plaintiff are wholly separate subsidiaries of Monjasa Group. The defendant underwrote an insurance policy...
By:
Carlton Fields
Related
In today’s edition of Daily Compliance News: GE to pay for Cuba sanctions violation. (WSJ) Swedban...
Read More >
The Department of Labor (DOL) issued a proposed rule that, if finalized, would expand its existing g...
Read More >
Key Takeaways - The COVID-19 economic crisis has increased the risk of investment disputes in the b...
Read More >
Last week, the New York Supreme Court, Suffolk County, denied an application for a preliminary injun...
Read More >
Tim Wu, the bard of big tech, has written multiple books about the rise and coming fall of technolog...
Read More >
March 31, 2020 is the deadline for retroactively correcting most 403(b) plan document defects that o...
Read More >