Court Reverses Decision Affirming International Award In Shareholder Dispute

Court Reverses Decision Affirming International Award In Shareholder Dispute

DALLAS - A Texas appeals court on June 5 reversed a trial court's confirmation of an arbitration award issued by an International Centre for Dispute Resolution (ICDR) panel in a dispute over shares in various limited partnerships, finding that when the trial court dismissed a defendant from the case, it improperly modified the panel's award (Martin D. White v. Vern Siemens, No. 05-10-01433, Texas App., 5th Dist.; 2012 Tex. App. LEXIS 4432).

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