Federal Judge Finds Arbitrator Had Authority To Award Interim Security

Federal Judge Finds Arbitrator Had Authority To Award Interim Security

NEW YORK - A New York federal judge on Dec. 10 granted an international resources company's request for confirmation and enforcement of an interim arbitration award that required two foreign corporations and another party to post a $10 million security payment, finding that the parties gave the arbitrator the authority to award interim security under their agreement (CE International Resources Holdings LLC v. S.A. Minerals Ltd. Partnership, et al., No. 12 Civ. 8087, S.D. N.Y.; 2012 U.S. Dist. LEXIS 176158).

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