Florida Court Finds Shareholder Lacked Authority To File Arbitration

Florida Court Finds Shareholder Lacked Authority To File Arbitration

MIAMI - In a majority ruling, a Florida court on Feb. 6 reversed a trial court's decision that confirmed an arbitration award in favor of a shareholder and a Nicaraguan joint venture in a dispute over commission payments for the sale of wind turbines, finding that the shareholder did not have the authority to file arbitration proceedings (Suzlon Energy A/S etc. v. Ventus De Nicaragua S.A., No. 3D11-1087, Fla. App., 3rd Dist.; 2013 Fla. App. LEXIS 1746).

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