2nd Circuit Affirms Confirmation Of $40 Million Award Against Thailand

2nd Circuit Affirms Confirmation Of $40 Million Award Against Thailand

NEW YORK - The Second Circuit U.S. Court of Appeals on Aug. 8 affirmed a decision confirming a $40 million arbitration award issued in favor of an investor and against the Kingdom of Thailand, finding that a federal court did not err when it did not independently adjudicate the jurisdiction of the tribunal (Werner Schneider, acting in his capacity as insolvency administrator of Walter Bau AG [In Liquidation] v. The Kingdom of Thailand,  No. 11-1458, 2nd Cir.; 2012 U.S. App. LEXIS 16508).

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